#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), with the goal of providing unified cryptocurrency policy recommendations to the federal government. NABA's formation aims to give the crypto industry a unified voice and offer more effective policy recommendations to the federal government. Lee Bratcher, Chairman of the Texas Blockchain Council, has expressed optimism about the pro-cryptocurrency policies of the new Trump administration and believes that NABA’s formation will help advance the development of the crypto industry.
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Analysis
Eight U.S. blockchain associations have joined forces to form the North American Blockchain Association (NABA), aiming to provide unified cryptocurrency policy recommendations to the federal government. This coalition aims to strengthen communication between the blockchain industry and government, offering a more representative voice in cryptocurrency policymaking. NABA's formation reflects the U.S. blockchain industry's emphasis on policy development and regulation, hoping to promote the healthy development of cryptocurrencies through a unified stance. Lee Bratcher, Chairman of the Texas Blockchain Council (TBC), expressed optimism about the crypto-friendly policies of the new Trump administration, believing that this alliance will help drive the legalization and regulation of cryptocurrencies. Over half of the TBC's funding comes from Bitcoin mining companies, and despite challenges facing the growth of the Texas power grid, discriminatory restrictions on mining companies are not anticipated.
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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's formation is intended to provide a unified voice to the federal government on crypto policy.
Lee Bratcher, chairman of the Texas Blockchain Council (TBC), is optimistic about the pro-crypto policies of the new Trump administration.
More than half of TBC's funding comes from Bitcoin mining companies, and while Texas faces challenges with its electricity grid, it is not expected to impose discriminatory restrictions on miners.