Binance joins US lobby group of the crypto industry
The exchange plans to influence the development of a regulatory framework in the field of digital assets
21.12.2022 - 07:15
655
2 min
0
Binance is joining the executive committee of the Chamber of Digital Commerce, a U.S. lobby group for the blockchain industry, as the world's biggest crypto exchange steps up its engagement with regulators.
Binance will contribute to research and potentially influence the shape of crypto legislation through discussions with policymakers and regulators, according to a statement. The crypto giant joins traditional finance firms like Visa and Deloitte as well as blockchain firms such as Circle and OKCoin. The exchange's U.S. unit, Binance US, has been on the executive committee since 2020.
The move marks another milestone as Binance has bolstered its regulatory capacity in the past year, after an earlier track record of getting into trouble with financial regulators.
“As an organization at the crux of the industry’s rapid growth and complex regulatory environment, working hand in glove with policymakers, regulatory bodies and industry groups like the Chamber are imperative to our mutual mission of fostering the sustainable development of sensible regulations for cryptocurrency and blockchain which ensures protections for users,” Joanne Kubba, Binance's vice president of public affairs, said in the statement.
Newest member
The group's newest member “has established itself as a leader in this emerging ecosystem,” according to Blain Rethmeier, vice president of public affairs at the Chamber of Digital Commerce.
Binance is also playing an ever-growing role in shaping the crypto industry from the inside. The company is looking to invest into crypto firms with a $1 billion "industry recovery initiative" fund to cushion the blow from the collapse of rival exchange, FTX.
Yet there is some speculation about the financial health of the exchange, with significant outflows reported last week. The lack of transparency of Binance’s finances was also subject to a Reuters investigation this week.
This material is taken from the website theblock.co.
Useful material?
Telegram 
Twitter Incidents
The company is linking the incident to a compromised private key on a service wallet, rather than a smart contract exploit
May 22, 2026
Incidents
Following the incident, the project temporarily halted trading operations and node activity.
May 15, 2026
Incidents
The user spent weeks unsuccessfully trying to guess the password until Claude helped find an old wallet backup file
May 14, 2026
Crypto regulations
Authorities are introducing mandatory registration for companies handling cross-border crypto transactions
May 8, 2026
Incidents
According to Blockaid, the attack may have been carried out by the same hacker behind the 1inch Fusion V1 exploit.
May 7, 2026
Incidents
The attacker gained administrative access and altered contracts to drain user funds
Apr 30, 2026
Cryptocurrency rates
-
Bitcoin
$63 567
BTC
-5.22%
-
Ethereum
$2 551.16
ETH
+3.56%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.17
XRP
-5.74%
-
TRON
$0.160134
TRX
-1.59%
-
Dogecoin
$0.088821
DOGE
-5.39%
-
Zcash
$569.19
ZEC
-8.09%
-
Cardano
$0.194817
ADA
-9.99%
-
Stellar XLM
$0.209496
XLM
-9.43%
-
Polkadot
$3.32
DOT
+5.27%