#Eight associations form an alliance.#

Eight U.S. blockchain associations have joined forces to form the North American Blockchain Association (NABA) on Tuesday, aiming to provide a unified voice on crypto policy to the federal government. The coalition is comprised of the Texas Blockchain Council (TBC), 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 strengthen collaboration among state associations and provide more cohesive crypto policy recommendations to the federal government. NABA CEO Arry Yu said the organization will focus on promoting the adoption and development of cryptocurrency and providing a clearer regulatory environment for the industry. NABA’s formation comes as U.S. President-elect Donald Trump is set to take office, and there is a general belief that the Trump administration will have a more friendly policy toward cryptocurrency. Lee Bratcher, the chairman of the Texas Blockchain Council, expressed optimism about the Trump administration’s crypto policy, believing that the administration will not discriminate against Bitcoin miners. TBC receives more than half of its funding from Bitcoin mining companies, and the organization will continue to support Bitcoin miners and push for Texas to become a global hub for Bitcoin mining. Despite challenges in the growth of the Texas power grid, discriminatory restrictions on miners are not expected. The formation of NABA marks a proactive step by the U.S. blockchain industry in seeking cooperation with the government to promote the healthy development of cryptocurrency.