Digital currency lobby group the Chamber of Digital Commerce receives approving from the Internal Acquirement Service as a tax-exempt non-profit organization.

On September 30, the Chamber of Digital Commerce announced it had received recognition from the U.S revenue enhancement authorization the IRS as a taxation-exempt not-profit organization under the IRS Code Department 501 (c)(6) that classifies business leagues, chambers of commerce, existent estate boards, boards of trade, and professional football leagues, which are not organized for profit, from paying taxes.

In a printing release, the Digital Chamber'southward President and Founder Perianne Wearisome said the recognition from the IRS was a big step for the manufacture as it brought an additional level of credibility to her organization'due south efforts in Washington:

"This recognition adds legitimacy to our efforts to guide policy makers in sensitively and intelligently addressing blockchain engineering."

Along with its recognition as a legitimate digital currency business organisation league, the Digital Bedroom appear yesterday it was holding its offset Congressional Bitcoin panel in a joint consequence with the Heritage Foundation, an American conservative call up tank based in Washington, D.C.

Chamber of Digital Commerce

The event occurred on October 1, in the Lehrman Auditorium and featured Sleeping room of Digital Commerce President Perianne Wearisome; police force house partner of Manatt, Phelps and Phillips Carol Van Cleef; and George Glider from The Discovery Plant. Norbert J. Michel from the Heritage Foundation moderated the event, and the word was centered on Bitcoin, similar digital technologies and the regulatory environment.

Established in July, the Bedroom of Digital Commerce is headed upwardly by former Congressional Staffer and journalist Perianne Dull. The non-turn a profit arrangement was introduced during the N American Bitcoin Briefing in Chicago, and has already received bankroll from RRE Ventures and Tally Capital letter, as well equally donations from American online retailer Overstock, which has committed to spend 4% of its Bitcoin acquirement on efforts to educate and promote digital currencies.

The organization was formed as a public education outlet every bit well as a tool for influencing lawmakers and regulators about digital currencies. In July, Cointelegraph spoke to Tedious in an interview, where she shared her insights on digital currency regulation and the perspectives of her organization.