The Chamber Of Digital Congress Has A Plan To Overcome 'Regulatory Patchwork' For BlockchainsDollar Destruction | Dollar Destruction
The CDC encourages regulators to bone up on their knowledge of blockchain technology before developing regulations. On February 20, US-based blockchain advocacy group the Chamber of Digital Commerce (CDC) published its National Action Plan for Blockchain. Members of the CDC presented the plan to the Commodity Futures Trading Commission (CFTC) and the Consumer Financial Protection Bureau (CFPB) on February 19. The CDC's plan calls on governing bodies in the US to publicly state their support for blockchain technology. The CDC helpfully suggests these statements and actions involve the following: "[An] official summit convening both public and private stakeholders to consider the top issues of the day, as well as an Executive Order declaring that government agencies must coordinate on policy and take into consideration the need to develop this technology when developing guidance, regulations, and regulatory actions." To help guide US regulators, the CDC gives its suggestions on how