#Eight Associations Form North American Blockchain Association#
Hot Topic Overview
Overview
The North American Blockchain Association (NABA) was formed by a coalition of blockchain associations from eight U.S. states to provide a unified voice for crypto policy recommendations to the federal government. NABA was formed in response to the potential for cryptocurrency-friendly policies under the incoming Trump administration and to counter the Biden administration's crypto policies. NABA's 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 Cascadia Blockchain Council of the Washington Technology Industry Association. NABA's formation marks a significant step in the U.S. blockchain industry actively seeking government support and wanting to play a more active role in crypto policy making.
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 unified voice for cryptocurrency policy recommendations to the federal government. The organization was established in anticipation of a potentially cryptocurrency-friendly administration under President Trump and to advocate for a more equitable policy environment for the blockchain industry. 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 Cascadia Blockchain Council of the Washington Technology Industry Association. The establishment of NABA signifies greater unity within the U.S. blockchain industry on policy matters and hopes to drive the development and adoption of blockchain technology through collaboration with the government.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
The formation of the North American Blockchain Association (NABA) is aimed at providing the federal government with a unified voice on crypto policy recommendations.
NABA is made up of blockchain associations from eight states, each of which maintains its independence but can act in concert when necessary.
NABA was formed in response to the possibility of a pro-cryptocurrency policy under the Trump administration and to provide a unified platform for crypto policy groups.
The formation of NABA also reflects the growth of the blockchain industry in the United States and the willingness of states to cooperate on crypto policy.