Perianne Boring: Lawmakers Will Decide Bitcoin’s Fate Within a Year

| Updated
by Konstantin Lazarev · 2 min read
Perianne Boring: Lawmakers Will Decide Bitcoin’s Fate Within a Year
Photo: Perianne Boring/Facebook

Perianne Boring, Chamber of Digital Commerce president, talks about her plans to change bitcoin’s perception in Washington.

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.


Bitcoin News, Cryptocurrency News, News
Konstantin Lazarev
Co-Founder & CIO Konstantin Lazarev

Konstantin has always been at the forefront of the global virtual currency scene since first discovering cryptocurrencies the same year that Satoshi Nakomoto created bitcoin in 2009. Konstantin is the owner of a number of small businesses in trucking and mobile development, and co-founded CoinSpeaker in 2014. He graduated from Belarusian State University in 2009 with a degree in Mathematics and Mechanics. You can contact Konstantin via [email protected]

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