Digital Chamber Unveils New Leader as Crypto Lobbyists Opt for More Benevolent Washington
Digital Chamber founder and CEO Perianna Boring is moving to the role of board chair, with Cody Carbone leading the organization.
Jessie Hamilton | Edited by Nikhilesh De Updated March 19, 2025 15:23 UTC Published March 19, 2025 09:00 UTC
What is important to know:
- Perianne Boring, founder of crypto advocacy group Digital Chamber, is ending her tenure as CEO after more than a decade in the role.
- The organization appoints its president, Cody Carbone, to the top position, while Boring moves into the role of chairman of the board of directors.
Next month, the Digital Chamber will name Cody Carbone as its new CEO, replacing founder Perianne Boring, who is leaving after a decade at the helm of America's oldest crypto advocacy association.
As the Digital Chamber prepares for its latest blockchain summit in Washington, D.C., next week, it notified its members that Boring will serve as the organization’s board chair, with veteran cryptocurrency politician Carbone set to become CEO. The leadership change comes amid an expected shift in U.S. policy from a backlash against digital assets to an embrace of them by President Donald Trump and a supportive Congress.
“We’re no longer on the defensive when the government is essentially trying to shut down the industry,” Boring told CoinDesk.
Digital assets are getting support from the U.S. government, as was evident at the recent White House presidential summit and signs of progress in both houses of Congress, which are pushing hard on cryptocurrency issues. However, two key pieces of legislation — regulating stablecoins and creating industry-wide guardrails — are aimed at making cryptocurrency a fully-fledged, regulated part of the U.S. financial system.
This means that Carbone, who previously served as the chief policy officer for the Digital Chamber, will be heavily involved in developing legislation on stablecoins and cryptocurrency market structure currently being debated in Congress.
“We haven’t made any significant moves yet,” Carbone told CoinDesk this week. During his predecessor’s years of lobbying, the industry “constantly faced misconceptions and negative narratives while fighting the government.” Despite the new policy wins, the “sky-high” expectations of crypto enthusiasts and the well-founded support in government require the organization to “focus all our efforts on meeting those expectations by getting the policies we want implemented.”
Read more: US Senate takes first big step toward advancing stablecoin bill
The sector’s first legislative achievement under Carbone’s tenure could be the repeal of an Internal Revenue Service rule that would have classified decentralized finance (DeFi) projects as brokerages that must track their users for tax purposes. Lawmakers are using their authority under the Congressional Review Act to repeal the Biden administration’s rule, and a significant surge in Democratic support helped the resolution pass both chambers, so it only awaits a second procedural approval from the Senate before heading to Trump for his signature.
This will be the first attempt to support cryptocurrencies that will successfully go through the process
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