#Eight Associations Join Forces to Promote Crypto Policies#
Hot Topic Overview
Overview
Eight U.S. blockchain associations have recently joined forces to form the North American Blockchain Association (NABA) with the aim of providing a unified voice on cryptocurrency policy recommendations 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 formation of NABA is intended to support the pro-cryptocurrency policies of the Trump administration and push for federal policies that are favorable to the crypto industry. TBC Chairman Lee Bratcher expressed optimism regarding the Trump administration's policies and believes that the organization will be able to effectively influence federal policymaking.
Ace Hot Topic Analysis
Analysis
Eight US blockchain associations have joined forces to form the North American Blockchain Association (NABA) with the aim of providing a unified voice on crypto policy to the federal government. The group is composed 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 provide the federal government with cohesive crypto policy advice and is optimistic about the incoming Trump administration’s crypto-friendly policies. NABA's members include the Texas Blockchain Council (TBC), which receives more than half of its funding from bitcoin mining companies and is concerned about the growth of the Texas power grid and potential restrictions on mining companies. Nevertheless, NABA believes that Texas' energy structure and policies will continue to be friendly to bitcoin miners and does not expect discriminatory restrictions to be placed on mining companies. The formation of NABA signifies that the US blockchain industry is actively seeking to partner with the government to drive the development and evolution of crypto policy.
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 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 Washington Technology Industry Association's Cascadia Blockchain Council.
NABA is optimistic about the Trump administration's crypto-friendly policies, believing they will be beneficial to the crypto industry.
NABA members will work together to provide cohesive crypto policy recommendations to the federal government, with the goal of promoting the growth of the crypto industry.