#Eight Associations Jointly Lobby for Crypto Policy#

Eight US blockchain associations have joined forces to form the North American Blockchain Association (NABA), aiming to provide unified crypto policy advice to the federal government. The organization is spearheaded by the Texas Blockchain Council (TBC) and 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. The creation of NABA comes in response to the Trump administration’s crypto-friendly policies and is intended to provide further support for the industry. TBC Chairman Lee Bratcher expressed optimism about the Trump administration’s policies, stating that they are unlikely to implement a 30% tax policy on Bitcoin miners, similar to that of the Biden administration. Despite challenges to Texas’s electric grid growth, discriminatory restrictions on mining companies are not anticipated. TBC’s funding primarily comes from Bitcoin mining companies, including MARA Holdings, Riot Platforms, Core Scientific, Bitmain, and Cipher Mining. The formation of NABA signals that the US crypto industry is actively seeking collaboration with the government to drive the development and implementation of crypto policies.