#Eight Associations Form Alliance, Recommend Encryption Policy#
Hot Topic Overview
Overview
Blockchain associations from eight U.S. states have recently joined forces to form the North American Blockchain Association (NABA), with the aim of providing unified crypto policy recommendations to the federal government. The organization was 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 Cascadia Blockchain Council of the Washington Technology Industry Association. The formation of NABA is aimed at addressing potentially crypto-friendly policies under the Trump administration and providing a more cohesive voice for the crypto industry. TBC chairman Lee Bratcher expressed optimism about the Trump administration's policies and anticipates no discriminatory restrictions against bitcoin mining companies in Texas.
Ace Hot Topic Analysis
Analysis
Eight U.S. blockchain associations have joined forces to form the North American Blockchain Association (NABA), aiming to provide unified crypto policy recommendations to the federal government. The organization is spearheaded by the Texas Blockchain Council (TBC) and includes 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 seeks to present a cohesive approach to federal cryptocurrency policy and holds optimistic views on the crypto-friendly policies of the new Trump administration. TBC Chairman Lee Bratcher stated their desire to maintain favorable policies towards Texas Bitcoin miners in the coming years, despite challenges in the state's grid growth, while expecting no discriminatory restrictions on mining businesses. TBC's funding primarily originates from Bitcoin miners, including MARA Holdings, Riot Platforms, Core Scientific, Bitmain, and Cipher Mining.
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), aiming to provide unified cryptocurrency policy advice 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 is optimistic about the Trump administration's cryptocurrency-friendly policies and believes that some unfair practices of the Biden administration will no longer occur.
NABA believes that the Texas power grid faces challenges but expects no discriminatory restrictions on mining companies.