The North American Bitcoin Conference (TNABC) in Chicago started this weekend with the launch of a new lobbying group, the Chamber of Digital Commerce (CDC).
The CDC is directed by president and former Forbes columnist Perianne Boring. It aims to operate a $1.5m annual budget and will feature experienced regulators, former members of Congress and early Internet advocates in its advisory board.
Boring in her conversation with CoinDesk said:
“I give bitcoin 12 to 18 months before its fate will be decided by lawmakers. We don’t have a lot of time to tackle these issues, and if we don’t, bitcoin will be narrowed down to a hobbyist niche and not a true industry.”
Moreover, Boring added that New York’s new proposed regulations show why bitcoin really needs better representation in government.
“That’s a huge problem. We absolutely do want to slow down these regulations,” she mentioned. “Small businesses are going to be really hurt by this onerous regulation.”
Perianne Boring has quickly become a well-known persona in the bitcoin industry and on Capitol Hill, where she worked as both an intern for the White House and as a financial services, tax, healthcare and education analyst for Dennis Ross.
Later Boring started paying more attention to bitcoin.
“When I went into journalism, bitcoin was a topic I covered very closely, and through my time in journalism I fell in love with bitcoin and decided that this was what I wanted to do and I didn’t want to do it as a journalist,” Boring explained. “I wanted to have an integral role, and as someone who had just came from the Hill I saw there was a huge need for this, and I didn’t see anyone else who could do it.”
Even though, there is a number of politicians that publicly support digital currency Perianne Boring believes that such hopes are rather optimistic, saying:
“There’s nobody else in DC that cares about bitcoin, bitcoin has a terrible reputation, people are scared to touch it, nobody wants to be involved with it, and a lot of it is a lack of understanding.”
The article will be updated later.