#Eight Associations Join Forces to Promote Encryption Policy#
Hot Topic Overview
Overview
To foster a friendly development of crypto policy in the wake of the incoming Trump administration, blockchain associations from eight U.S. states have joined forces to form the North American Blockchain Association (NABA). The goal of NABA is to provide unified crypto policy recommendations 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 Cascadia Blockchain Council of the Washington Technology Industry Association. The formation of NABA aims to provide the federal government with cohesive crypto policy recommendations and coordinate the actions of individual state associations. NABA is optimistic about Trump administration's crypto-friendly policies and hopes to avoid the unfavorable policies towards the crypto industry that were seen during the Biden administration.
Ace Hot Topic Analysis
Analysis
Eight US blockchain associations have joined forces to form the North American Blockchain Association (NABA), with the goal of providing a unified voice on crypto policy to the federal government. The organization is spearheaded by the Texas Blockchain Council (TBC) and includes members such as 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. The creation of NABA aims to provide a cohesive voice for crypto policy recommendations to the federal government and expresses optimism towards the Trump administration's crypto-friendly policies. TBC Chairman Lee Bratcher stated that over half of the organization's funding comes from bitcoin mining companies, and despite challenges facing the growth of the Texas power grid, he expects there will not be any discriminatory restrictions on mining companies.
Public Sentiment · Discussion Word Cloud
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 the federal government with a unified voice on crypto policy.
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 is optimistic about the crypto-friendly policies of the new Trump administration, believing that they will be beneficial to Bitcoin miners.
NABA believes that the Texas power grid is facing challenges, but does not expect discriminatory restrictions on mining companies.