The Chamber of Digital Commerce (CDC), a digital currency advocacy group, has appointed former Wall Street executive Blythe Masters to its board of advisors.
Masters who joined Digital Asset Holdings – a startup that uses blockchain tech to enhance the settlement of traditional and digital assets – as CEO in March spoke about her new advisory role.
She said:
“I am pleased to bring my experience in financial services to work with the chamber on achieving its goals of advocating policies that promote public trust and confidence in financial infrastructure and fostering the deployment of new technologies to reduce risk and settlement latency.”
Masters will work alongside James Robinson, co-founder at venture capital firm RRE Ventures; and Jason Weinstein, former head of the Department of Justice’s (DOJ) criminal division; to help foster key relationships between the Washington DC-based trade association and traditional finance institutions.
Regulatory uncertainty
Perianne Boring, founder and president of CDC, noted that although digital currencies and blockchain tech are leading the next generation of commerce, the lack of regulatory clarity continues to be one of the industry’s greatest challenges.
“With the team we have assembled, we are working to educate policymakers to help shape their familiarity and understanding of these technologies,” she said.
The announcement follows the appointment of bitcoin entrepreneur and banker Matthew Mellon, who joined the CDC as an honorary executive committee chairman in November last year.
Washington DC image via Shutterstock.