#Eight Associations Form Alliance#
Hot Topic Overview
Overview
Blockchain associations from eight U.S. states recently joined forces to create the North American Blockchain Association (NABA) with the goal of providing unified cryptocurrency policy recommendations to the federal government. The coalition is composed of the Texas Blockchain Council, 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 from the Washington Technology Industry Association. The formation of NABA aims to provide a stronger voice for the cryptocurrency industry and advocate for more favorable cryptocurrency policies at the federal level. Coalition members are optimistic about the incoming Trump administration, believing it will take a more favorable stance on cryptocurrency policy.
Ace Hot Topic Analysis
Analysis
Eight US blockchain associations have joined forces to form the North American Blockchain Association (NABA) on Tuesday, aiming to provide unified crypto policy recommendations to the federal government. The alliance is comprised of the Texas Blockchain Council (TBC), 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 Cascadia Blockchain Council. The establishment of NABA aims to provide more cohesive crypto policy recommendations to the federal government and facilitate information and best practice sharing among state associations. The alliance is optimistic about the incoming Trump administration's crypto-friendly policies, believing it will be beneficial for Bitcoin miners. While Texas faces challenges in its power grid growth, discriminatory restrictions are not expected for mining companies. The formation of NABA marks a proactive move by the US blockchain industry to seek collaboration with the government, advocating for the legalization and growth of cryptocurrencies.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Eight US blockchain associations have joined forces to form the North American Blockchain Association (NABA), aiming to provide a unified voice on cryptocurrency policy to the federal government.
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 pro-cryptocurrency policies of the new Trump administration, believing they will be beneficial to the growth of Bitcoin mining companies.
Texas grid growth faces challenges, but it is not expected that miners will be subject to discriminatory restrictions.