Binance has joined the Executive Committee of the Chamber of Digital Commerce. The alliance will allow both organizations to collaborate on formulating solutions to the pressing issues plaguing the crypto-sphere and more.
Moving the blockchain industry forward
Changpeng Zhao’s Binance crypto exchange has become a member of the Chamber of Digital Commerce, an American advocacy group made up of more than 200 of the world’s leading startups exploring the potential of blockchain and other innovative technologies.
As a member of the Chamber’s Executive Committee, Binance will work closely with the organization and its team members to conduct crypto and Web3 enlightenment campaigns, and advocacy efforts and formulate solutions to some of the most pertinent problems plaguing the cryptoverse.
Per a press release by the team, Binance and members of the Chamber will conduct research, roundtables, and discussions with financial policymakers and regulatory agencies, to foster sensible and amenable regulations for the industry.
Commenting on the partnership, Joanne Kubba, Binance VP of Public Affairs said:
“As an organization at the crux of the industry’s rapid growth and complex regulatory environment, working hand in glove with policymakers, regulatory bodies and industry groups like the chamber is imperative for Binance.”
Kubba added that alliances like this have become quite important for Binance, as it’s in line with its mission of promoting “sustainable development of sensible regulations for crypto and blockchain, which ultimately ensure protections for users.”
Since the collapse of the FTX exchange, whose founder has agreed to be extradited to the U.S. to face punishment for his crimes, there has been heightened fear, uncertainty, and doubt in the industry, with regulators from various jurisdictions signaling plans to tighten the noose on crypto.
In related news, on Dec. 20, reports emerged that Binance’s french clients have filed a lawsuit against the exchange, accusing it of false and misleading social media adverts and service offerings.
