Visa, Goldman Sachs and Mick Mulvaney join leading blockchain trade association

Regulation

On Wednesday, the Chamber of Digital Commerce announced the addition of Visa, Goldman Sachs and Six Digital Exchange (SDX) to its executive committee. Mick Mulvaney, a former White House Chief of Staff and a co-founder of the Congressional Blockchain Caucus will also be joining the chamber’s board of advisors.

Mulvaney left the White House in March. On the board, he will be joining a number of figures familiar to Cointelegraph’s readers, including Don Tapscott of the Blockchain Research Institute and former CFTC Chairman Chris Giancarlo, who is now with the Digital Dollar Project.

Regarding the lineup of the advisory board, President and Founder Perianne Boring explained to Cointelegraph the emphasis on getting a range of expertise behind the chamber:

It’s important that when we have diverse views, because when you’re working on public policy, your work impacts everybody. It impacts the entire ecosystem. So you need to make sure you really understand the full scope of an industry and how potential policy could impact everybody.

As to the addition of Visa and Goldman Sachs, it follows a continuing trend of greater crypto engagement by payments and banking giants. Visa’s head of crypto Cuy Sheffield said “Visa continuously explores new payment innovations like digital currencies and how they might be able to connect to or expand our existing network and products.”

As to what the update means for crypto adoption more broadly, Boring told Cointelegraph “People are starting to understand the importance of blockchain technology in the global economy.”

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