#Eight Blockchain Associations Form an Alliance#
Hot Topic Overview
Overview
The North American Blockchain Association (NABA) was formed by a coalition of blockchain associations from eight US states to provide unified crypto policy recommendations to the federal government. The organization is led by Lee Bratcher, chairman of the Texas Blockchain Council (TBC), who expressed optimism about the crypto-friendly policies of the new Trump administration. The formation of NABA aims to provide a stronger voice for the crypto industry and advocate for more favorable crypto policies at the federal level. Currently, over half of the TBC's funding comes from bitcoin mining companies, and Texas has become one of the most popular jurisdictions for bitcoin miners worldwide. Although the Texas power grid faces challenges with growth, discriminatory restrictions on mining companies are not expected.
Ace Hot Topic Analysis
Analysis
Eight blockchain associations have formed the North American Blockchain Association (NABA) to provide a unified voice on crypto policy to the federal government. The coalition 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 Washington Technology Industry Association's Cascadia Blockchain Council. The formation of NABA aims to provide a more cohesive voice on crypto policy, particularly given the incoming Trump administration's perceived crypto-friendly stance. While maintaining individual independence, members can coordinate actions when necessary. Lee Bratcher, chair of the Texas Blockchain Council, expressed optimism regarding the Trump administration's crypto-friendly policies and believes that some of the perceived unfair practices of the Biden administration will cease. Although the Texas power grid faces growth challenges, discriminatory restrictions on mining businesses are not anticipated.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Eight major blockchain associations 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.
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 the Cascadia Blockchain Council of the Washington Technology Industry Association.
NABA members hope to exert greater influence on the federal government through their joint actions, pushing for policies that are beneficial to the development of cryptocurrencies.
NABA is optimistic about the Trump administration's cryptocurrency-friendly policies and hopes to collaborate with the government in the future to promote the growth of the cryptocurrency industry.