Binance joins U.S. industry trade group as the controversy around it continues.
Binance has joined the Chamber of Digital Commerce, a United States crypto industry lobbying group, according to a Dec. 20 press release from the exchange. The move comes after Binance has been criticized for allegedly being unregulated.hope that the partnership would help lead to clear regulations for the crypto industry in the U.S., stating:
“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. Such work is fundamental to our shared mission of fostering the sustainable development of sensible regulations for cryptocurrency and blockchain, which ultimately ensures protections for users.
According to its website, the Chamber of Digital Commerce advocates for a variety of public policies, including tax parity for digital assets, AML/KYC regulations for crypto exchanges, increased regulatory clarity for security tokens, andThrough its political action committee , the Chamber made contributions to three congressional candidates in 2022: Patrick McHenry , Blake Masters , and Ron Wyden .
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