#Eight Associations Jointly Lobby for Crypto Policy#
Hot Topic Overview
Overview
To welcome the Trump administration's crypto-friendly policies, blockchain associations from eight U.S. states jointly established the North American Blockchain Association (NABA) on Tuesday, aiming to provide unified crypto policy recommendations to the federal government. NABA is led by the Texas Blockchain Council (TBC) and its members include the Alabama Blockchain Alliance, California Blockchain Advocacy Coalition, Florida Blockchain Business Association, Ohio Blockchain Council, Pennsylvania Blockchain Alliance, Virginia Blockchain Council, and the Washington Technology Industry Association's Cascadia Blockchain Council. The establishment of NABA aims to strengthen collaboration among state associations and jointly promote the development of cryptocurrency policies. TBC Chairman Lee Bratcher expressed optimism about the Trump administration's crypto-friendly policies and believes that it will be beneficial to Bitcoin miners. While the Texas power grid faces growth challenges, it is expected that discriminatory restrictions will not be imposed on mining companies.
Ace Hot Topic Analysis
Analysis
Eight US blockchain associations have joined forces to form the North American Blockchain Association (NABA), aiming to provide a unified voice on crypto policy 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. NABA's formation is intended to provide a cohesive crypto policy voice to the federal government and is optimistic about the pro-crypto policies of the new Trump administration. NABA Chairman Lee Bratcher said the Texas power grid is facing challenges, but does not expect discriminatory restrictions on mining companies. NABA's funding is primarily from bitcoin mining companies, with more than half of the Texas Blockchain Council (TBC) funding coming from bitcoin mining companies.
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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), with the aim of providing the federal government with a unified voice on cryptocurrency 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 Trump administration’s crypto-friendly policies and expects no discriminatory restrictions on miners.
The formation of NABA aims to provide the federal government with cohesive cryptocurrency policy recommendations and coordinate actions between state associations.