#Eight Blockchain Associations Form Alliance#
Hot Topic Overview
Overview
Eight U.S. state blockchain associations announced the formation of the North American Blockchain Association (NABA) on Tuesday, aiming to provide the federal government with cohesive crypto policy recommendations. The organization is composed 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 Washington Technology Industry Association's Cascadia Blockchain Council. NABA's formation seeks to address the potential for crypto-friendly policies from the incoming Trump administration and facilitate greater information and best practice sharing between state associations. The organization's members include major companies like Coinbase, Galaxy Digital Holdings, as well as law firms and banks, with over half of its funding coming from bitcoin miners such as MARA Holdings, Riot Platforms, Core Scientific, Bitmain, and Cipher Mining. The formation of NABA marks a move towards greater policy unity in the U.S. blockchain industry, with the hope of being able to better influence government policy going forward.
Ace Hot Topic Analysis
Analysis
Eight U.S. 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 of the Washington Technology Industry Association. The formation of NABA is intended to provide more information and best practices sharing among the state associations, and enable states to act in concert when necessary. The group's formation comes as President-elect Donald Trump prepares for his second inauguration, and cryptocurrency policy groups are preparing to accelerate their efforts. NABA's 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 Cascadia Blockchain Council of the Washington Technology Industry Association. The formation of NABA is intended to provide more information and best practices sharing among the state associations, and enable states to act in concert when necessary. The group's formation comes as President-elect Donald Trump prepares for his second inauguration, and cryptocurrency policy groups are preparing to accelerate their efforts.
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Public Sentiment
Discussion Word Cloud
Classic Views
Eight US blockchain associations have joined forces to form the North American Blockchain Association (NABA), aiming to provide a cohesive voice on crypto policy to the federal government.
NABA members include 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 Washington Technology Industry Association's Cascadia Blockchain Council.
The formation of NABA is intended to provide more information and best practices sharing for the crypto policy community and allow the state associations to act in concert when necessary.
NABA's formation is linked to the incoming Trump administration's crypto-friendly policies, with the group hoping to leverage the opportunity to advance crypto policy.