#Eight Associations Join Forces to Promote Encryption Policies#
Hot Topic Overview
Overview
To promote cryptocurrency-friendly policies during the Trump administration, blockchain associations from eight U.S. states jointly established the North American Blockchain Association (NABA) on Tuesday. The organization aims to provide unified cryptocurrency policy recommendations to the federal government, with members including the Texas Blockchain Council, the Alabama Blockchain Alliance, and others. The establishment of NABA is intended to strengthen cooperation among state associations and provide a stronger voice for the cryptocurrency industry. The organization's establishment comes at a time when the Trump administration has taken a more friendly stance on cryptocurrency policies, while the Biden administration has adopted a more cautious approach toward the cryptocurrency industry. The establishment of NABA will provide support for the cryptocurrency industry to advocate for a more favorable policy environment.
Ace Hot Topic Analysis
Analysis
The Blockchain Associations of eight U.S. states have joined forces to form the North American Blockchain Association (NABA), aiming to provide a unified voice on cryptocurrency policy recommendations to the federal government. Led by the Texas Blockchain Council, the organization includes the 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.NABA's establishment comes in response to the U.S. government's regulatory policies on cryptocurrency, particularly those targeting Bitcoin miners. NABA members believe the Biden administration's policies are unfair to Bitcoin miners, citing examples like the DAME tax and the Department of Energy's data collection practices on Bitcoin miners. They hope for a more crypto-friendly policy from the Trump administration, advocating for a level playing field for Bitcoin miners.The formation of NABA signifies the active engagement of the U.S. crypto industry in policymaking, seeking to influence government policy through unity.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Eight
US
state
blockchain
associations
have
joined
forces
to
form
the
North
American
Blockchain
Association
(NABA)
in
an
effort
to
provide
cohesive
crypto
policy
advice
to
the
federal
government.
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
crypto-friendly
policies
and
aims
to
have
a
greater
influence
in
the
policymaking
process.
NABA
's
formation
also
reflects
the
growing
trend
in
the
US
crypto
industry
with
more
and
more
states
and
local
governments
beginning
to
focus
on
crypto
regulation
and
development.