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Perianne Boring on Empowering Financial Inclusion and Redefining Digital Ownership

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Khushbu Raval
Khushbu Raval
Khushbu is a Senior Correspondent and a content strategist with a special foray into DataTech and MarTech. She has been a keen researcher in the tech domain and is responsible for strategizing the social media scripts to optimize the collateral creation process.

Perianne Boring, leader of The Digital Chamber, discusses the organization’s mission to empower individuals through blockchain and digital assets. She explores challenges like education and regulation and highlights The Digital Chamber’s work in advocacy, policy development, and grassroots initiatives.

Perianne Boring, the visionary leader behind The Digital Chamber, is a driving force in the blockchain and digital asset revolution. In this interview, she illuminates the organization’s core mission, key initiatives, and the exciting future of this transformative technology.

Inspired by blockchain’s potential to empower individuals and redefine ownership in the digital age, The Digital Chamber champions financial inclusion and a fair financial ecosystem. Boring emphasizes Bitcoin’s transformative power, particularly in addressing the limitations of traditional monetary systems.

The interview delves into The Digital Chamber’s impactful work, including advocacy campaigns, policy development, and grassroots initiatives. Boring highlights the organization’s commitment to educating policymakers and regulators, ensuring a balanced approach to fostering innovation within the industry.

Boring outlined The Digital Chamber’s long-term goals, including supporting pro-blockchain candidates in the upcoming elections and bridging the gap between the industry and the growing community of digital asset investors. By uniting these forces, The Digital Chamber aims to create an unstoppable movement for positive societal change.

Full interview; 

As the Founder and CEO of The Digital Chamber, what initially inspired you to create this organization, and what is its core mission within the blockchain and digital asset space?

As the Founder and CEO of The Digital Chamber, I was initially inspired by the transformative potential of blockchain and digital assets to empower individuals worldwide. Our core mission revolves around democratizing access to this technology, fundamentally redefining notions of ownership and control in the digital economy.

The genesis of Bitcoin introduced the concept of digital property rights, marking a historic shift where individuals could truly own and control their assets online. This innovation holds profound implications across various sectors, with its genesis in reshaping the monetary landscape.

Consider individuals’ global struggles; many of these challenges are traced back to flaws within our existing monetary systems. Currency serves as the lifeblood of economies, and communities suffer when it falters due to overextension, devaluation, or inflation. Our mission at The Digital Chamber begins with rectifying this disparity.

We firmly believe everyone deserves the opportunity to cultivate wealth and financial security for themselves and their loved ones. By facilitating access to Bitcoin and blockchain technology, we advocate for a fundamental human right: the ability to participate in a fair, inclusive financial ecosystem. This pursuit is not merely about innovation; it’s about advocating for justice and empowerment on a global scale.

The Digital Chamber is a leading advocate for blockchain and digital asset technology. Could you share some of the organization’s key initiatives or campaigns that have promoted this technology?

Our focus areas at The Digital Chamber reflect the most urgent needs of the growing crypto and blockchain ecosystem. Together with our members, we lead active working groups that develop proposals and feedback on critical areas requiring policy and advocacy leadership.

These primary areas 2024 include tax and accounting, compliance, tokenization of assets, non-fungible tokens, energy, and national security. Clear and fair policies and regulations in each area are critical for growth and ongoing technology leadership in the United States.

In addition to our working groups with members, we are leaning into more grassroots advocacy. As the digital asset community grows, more people realize their voices are important and must be amplified so policymakers do not operate in a vacuum. Citizens are waking up to the fact that the fiat financial system is broken, and many are starting to invest in digital assets like Bitcoin and other cryptocurrencies. They have important and powerful voices, and part of our role at The Digital Chamber is to listen to grassroots communities and make sure they have a voice in Washington, DC.

Also Read: Balancing Growth with Sustainability and Security in AI

Drawing on your extensive experience, what are the most significant challenges and opportunities facing the blockchain and digital asset industry in the coming years?

The most pressing need is still education. Many policymakers, regulators, and even media members have only a cursory knowledge of digital assets’ opportunities and potential to transform our societies. Part of the reason The Digital Chamber exists is to be a resource for these audiences to make informed decisions with long-term benefits.  

Another significant challenge is a policy of regulation through enforcement led by the Securities and Exchange Commission. We certainly support prosecuting any bad actors in the digital asset industry. However, we believe many recent enforcement actions undertaken by the SEC have been selective at best. There are no clear rules of the road that regulators have codified. As such, the SEC, in particular, has taken an extremely heavy-handed approach and is attempting to create regulations through arbitrary enforcement actions. 

This is not an effective and fair approach to policymaking. The Digital Chamber strongly advocates for a more thoughtful and balanced approach that considers our industry’s needs, expertise, and insights.

Regulatory frameworks are critical for adopting and growing blockchain and digital assets. How does The Digital Chamber work with policymakers and regulators to shape positive regulations for the industry?

We spend significant time meeting with, educating, and listening to elected officials, regulators, and other state and federal policymakers. The good news is that many are open-minded and eager to learn more about digital assets and blockchain technologies. Unfortunately, some are not, and they are entrenched in their positions of opposition, which often need to be more informed.  

We organize member days on Capitol Hill, provide training and education sessions to policymakers and regulators, brief elected officials, and frequently provide testimony in Congressional hearings and comments and input from our policy team and members.

Innovation in blockchain and digital assets is rapidly evolving. How does The Digital Chamber foster and support innovation within this ecosystem?

We spend most of our time advocating and fighting for fair and transparent rules of the road for the entire digital asset ecosystem. That is the most important requirement for investment and innovation in this industry.

In addition, a great value of membership in The Digital Chamber is that our members have many opportunities throughout the year to connect and engage with regulators and policymakers. These meetings and events allow leaders to share their candid thoughts and ideas with others in the industry and those in positions to oversee and regulate us.

Education and public awareness are essential for the mainstream adoption of blockchain technology. How does The Digital Chamber bridge the gap by promoting understanding and adoption of blockchain among businesses, institutions, and the general public?

As mentioned above, education and awareness are two of The Digital Chamber’s most important missions. We look at this from several perspectives. Our role is to educate policymakers, regulators, elected officials, the media, and the public. As more people adopt digital assets and companies use blockchain technologies, we are discovering great enthusiasm across the United States for these innovations.

We aim to harness this enthusiasm by providing ongoing education, resources, events, and opportunities across all media channels to raise awareness of digital assets’ benefits to individuals and societies. We passionately believe these technologies have enormous potential to elevate the human experience and create more prosperous, equitable, and free societies. That is at the core of our existence as an organization.

Also Read: Why Identity Security Should Be the Foundation of Modern Cybersecurity

What are your long-term goals and aspirations for The Digital Chamber in driving the growth and advancement of blockchain and digital asset technology?

We have an election coming up this year, and a near-term goal is for The Digital Chamber and our members to support, promote, and advocate for candidates who value our industry and mission. We must elect policymakers in the United States who are open to the promise of blockchain technologies and digital assets. We need leaders who see these innovations’ potential and will embrace them fairly, transparently, and comprehensively.

Looking further, we aim to do more to bridge the industry, and grassroots investors are adopting digital assets more quickly than ever. If we can combine the forces of both public and private entities, we will have an unstoppable movement. That is what changes societies for the better, and we are very energetically focused on bringing these groups together.

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