The Digital Chamber, a blockchain trade association, filed an amicus brief opposing a lawsuit seeking ownership of 39,069 dormant Bitcoin addresses. They argue treating these as abandoned property would harm digital asset ownership principles and traditional finance.
Cody Carbone, CEO of The Digital Chamber, testified on how digital assets could solve affordability issues, but received a muted response from most senators, with some dismissing his claims.
Cody Carbone, CEO of The Digital Chamber, testified before the Senate Banking Committee on how digital assets could address affordability issues. However, most lawmakers showed little interest, with Senator John Kennedy dismissing his points and Senator Jim Banks asking a specific question about remittances.
The Digital Chamber critiques Sen. Elizabeth Warren's claims that the OCC may have violated the National Bank Act by approving crypto companies' national trust charters, arguing these firms sought federal oversight voluntarily.
