#Cryptocurrency Associations Speak Out in Unison#
Hot Topic Overview
Overview
A coalition of cryptocurrency associations has joined forces to provide the federal government with cohesive policy recommendations on crypto. The North American Blockchain Association (NABA) was announced Tuesday by eight U.S. state blockchain associations: the Blockchain Council of Texas, the Blockchain Alliance of Alabama, the Blockchain Advocacy Coalition of California, the Blockchain Business Association of Florida, the Blockchain Council of Ohio, the Blockchain Alliance of Pennsylvania, the Blockchain Council of Virginia, and the Cascadia Blockchain Council of the Washington Technology Industry Association. The NABA was formed in anticipation of the incoming Trump administration's potential policies toward the cryptocurrency industry, particularly regarding taxation policies targeting Bitcoin miners. The organization hopes that by speaking with a unified voice, it can provide more comprehensive crypto policy recommendations to the federal government and ensure the crypto industry receives fair treatment in the future.
Ace Hot Topic Analysis
Analysis
The North American Blockchain Association (NABA) was formed by a coalition of blockchain associations from eight U.S. states to provide a cohesive voice for crypto policy recommendations to the federal government. The organization is comprised of 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 Cascadia Blockchain Council of the Washington Technology Industry Association. The formation of NABA comes in response to the Biden administration’s crypto policy, which has considered imposing a 30% tax on Bitcoin miners and sought to collect proprietary and confidential information from Bitcoin miners. NABA hopes to present a unified front to advocate for more crypto-friendly policies from the Biden administration and push for the development of the cryptocurrency industry. Its members include major companies like Coinbase, Galaxy Digital Holdings, as well as law firms and banks. The formation of NABA marks a significant step forward for the cryptocurrency industry in political lobbying, and future attention will be focused on the organization’s role in shaping crypto policy.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
The Crypto Council for Innovation (CCI) has launched a new initiative to provide the federal government with a cohesive set of policy recommendations for the crypto industry.
The North American Blockchain Association (NABA) was created to provide more information and best practice sharing between state associations.
NABA members include the Texas Blockchain Council, the Alabama Blockchain Alliance, the California Blockchain Advocacy Coalition, and four other state blockchain associations.
NABA aims to promote crypto-friendly policies and communicate with the federal government to ensure the crypto industry is treated fairly.