The Chamber of Digital Commerce is a non-profit organization, so like most such organizations, it depends on the support of the famous and powerful of this world. The team of Perianne Boring (chairwoman of CDC) was recently joined by a person who perfectly meets these conditions - Matthew Taylor Mellon II - a businessman, heir to a multi-billion dollar fortune. The Washington, D.C.-based lobby group for Bitcoin, the Chamber of Digital Commerce, has acted as an advocate for the technology since its inception, seeking to actively influence emerging regulations. The source of the wealth of one of its newest members, however, may be cause for serious reflection - for the vast majority of it comes from the banking sector. Matthew Taylor Mellon II is one of the heirs to the fabulous fortune of his ancestor, banker Andrew W. Mellon, one of the richest men in history, with a fortune on a par with the Rockefellers. Matthew Mellon II is also a direct descendant of Thomas Mellon - born in 1813, founder of Mellon Bank, now The Bank of New York Mellon - with total assets exceeding $375 billion. On his mother's side, Mellon II is related to Anthony Drexel - founder of Drexel-Burnham-Lambert - once one of the largest investment banks on Wall Street. However, CDC Chair Perianne Boring (former economic advisor to the U.S. Congress and current economics columnist for Forbes magazine) praises the newest member of the association, stressing that it is the perfect partner for tough times for the cryptocurrency technology sector: Our industry is facing serious regulatory issues in Washington. If anyone can help our cause, it is Matthew Mellon ... We have been blessed with the person of a powerful ally, and with that, we are ready to take the organization's operations to the next level." Mellon himself is showing his "conversion" with statements to Fortune Magazine, among others, in which he states: 'I feel like citizens are really fed up with bankers,' adding that he believes digital currencies could be the solution to this problem, having the potential to replace the dollar itself in the future. I think [because of cryptocurrencies] the banks are going to have quite a nut to crack." - Matthew Mellon II Among Mellon II's many investments for some time now is a New York-based incubator for startups related to the bitcoin sector, CoinApex. So far, the businessman has decided to put around $2 million into its development. Based on: thehill.com Photo: wikipedia.org Any reproduction, distribution, electronic processing or transmission of content from bitcoin.co.uk pages requires prior permission from the portal. Tags bitcoin Chamber of Digital Commerce investor Matthew Taylor Mellon II Perianne Boring
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