#Eight Associations Join Forces to Build an Encryption Alliance#
Hot Topic Overview
Overview
Eight US state blockchain associations announced the formation of the North American Blockchain Association (NABA) on Tuesday, aiming to provide a cohesive set of cryptocurrency policy recommendations to the federal government. The organization is comprised of the Texas Blockchain Council, the Alabama Blockchain Alliance, the California Blockchain Advocacy Coalition, the Florida Blockchain Business Association, the Ohio Blockchain Council, the Pennsylvania Blockchain Alliance, the Virginia Blockchain Council, and the Cascadia Blockchain Council, a subsidiary of the Washington Technology Industry Association. The formation of NABA aims to coordinate the actions of individual state associations and offer a united front in presenting cryptocurrency policy recommendations to the federal government. The creation of this organization also reflects the growing demand for the crypto industry to influence policymakers.
Ace Hot Topic Analysis
Analysis
Eight US state blockchain associations announced the formation of the North American Blockchain Association (NABA) on Tuesday, aiming to provide a cohesive voice for cryptocurrency policy recommendations to the federal government. The organization is comprised of the Texas Blockchain Council, Alabama Blockchain Alliance, California Blockchain Advocacy Coalition, Florida Blockchain Business Association, Ohio Blockchain Council, Pennsylvania Blockchain Alliance, Virginia Blockchain Council, and the Cascadia Blockchain Council of the Washington Technology Industry Association. The formation of NABA is intended to provide a unified voice for the cryptocurrency industry and collaborate with the federal government to develop policies that are beneficial to the growth of cryptocurrency. The organization's formation comes at a time when the US is on the cusp of the second inauguration of President-elect Donald Trump, and cryptocurrency policy groups are preparing to accelerate their efforts. The establishment of NABA also reflects the trend of the US cryptocurrency industry, where more and more state governments are recognizing the potential of blockchain technology and cryptocurrencies and actively developing related policies. The establishment of NABA will help drive the healthy development of the US cryptocurrency industry and lay the foundation for its global leadership.
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Public Sentiment
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Classic Views
Eight US state blockchain associations have joined forces to form the North American Blockchain Association (NABA) to provide the federal government with a cohesive set of crypto policy recommendations.
NABA members include the Texas Blockchain Council, the Alabama Blockchain Alliance, the California Blockchain Advocacy Coalition, the Florida Blockchain Business Association, the Ohio Blockchain Council, the Pennsylvania Blockchain Alliance, the Virginia Blockchain Council, and the Washington Technology Industry Association's Cascadia Blockchain Council.
NABA was formed in response to the Trump administration's pro-crypto policies and to provide a more unified voice for crypto policy recommendations to the federal government.
The formation of NABA also reflects the growing trend in the US blockchain industry of more states and regions taking a greater interest in the development and application of blockchain technology.