#Eight Associations Join Forces to Promote Encryption Policies#

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To promote cryptocurrency-friendly policies during the Trump administration, blockchain associations from eight U.S. states jointly established the North American Blockchain Association (NABA) on Tuesday. The organization aims to provide unified cryptocurrency policy recommendations to the federal government, with members including the Texas Blockchain Council, the Alabama Blockchain Alliance, and others. The establishment of NABA is intended to strengthen cooperation among state associations and provide a stronger voice for the cryptocurrency industry. The organization's establishment comes at a time when the Trump administration has taken a more friendly stance on cryptocurrency policies, while the Biden administration has adopted a more cautious approach toward the cryptocurrency industry. The establishment of NABA will provide support for the cryptocurrency industry to advocate for a more favorable policy environment.

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The Blockchain Associations of eight U.S. states have joined forces to form the North American Blockchain Association (NABA), aiming to provide a unified voice on cryptocurrency policy recommendations to the federal government. Led by the Texas Blockchain Council, the organization includes the 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's establishment comes in response to the U.S. government's regulatory policies on cryptocurrency, particularly those targeting Bitcoin miners. NABA members believe the Biden administration's policies are unfair to Bitcoin miners, citing examples like the DAME tax and the Department of Energy's data collection practices on Bitcoin miners. They hope for a more crypto-friendly policy from the Trump administration, advocating for a level playing field for Bitcoin miners.The formation of NABA signifies the active engagement of the U.S. crypto industry in policymaking, seeking to influence government policy through unity.

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