#Eight Associations Form Crypto Alliance#
Hot Topic Overview
Overview
Eight U.S. blockchain associations have joined forces to form the North American Blockchain Association (NABA) on Tuesday, with the goal of providing a unified voice for cryptocurrency policy advice to the federal government. The organization 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 formation of NABA is meant to address the Trump administration’s crypto-friendly policies, giving the industry a stronger voice. TBC Chairman Lee Bratcher expressed optimism towards the Trump administration’s policies, and said the organization would continue to advocate for bitcoin miners and promote Texas as a friendly environment for bitcoin miners.
Ace Hot Topic Analysis
Analysis
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 organization is spearheaded by the Texas Blockchain Council (TBC), with members including 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’s establishment comes in response to the U.S. government’s regulatory policies on cryptocurrency, aiming to offer more cohesive advice. Lee Bratcher, chair of NABA, is optimistic about the incoming Trump administration’s crypto-friendly policies, believing it will benefit TBC and Texas’ Bitcoin miners. While Texas’ power grid growth faces challenges, discriminatory restrictions on mining companies are not anticipated. TBC’s funding primarily comes from Bitcoin mining companies, including MARA Holdings, Riot Platforms, Core Scientific, Bitmain, and Cipher Mining.NABA’s formation signifies a greater unity in the U.S. blockchain industry in terms of policy and hopes to facilitate more effective communication and collaboration with the government in the future.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Eight US blockchain associations have joined forces to create the North American Blockchain Association (NABA) to provide the federal government with unified cryptocurrency policy recommendations.
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 cryptocurrency-friendly policies of the new Trump administration, believing they will benefit Bitcoin miners.
Texas' power grid faces challenges, but it is not expected to place discriminatory restrictions on mining companies.