#Eight Associations Form Crypto Alliance#
Hot Topic Overview
Overview
Eight US blockchain associations recently 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 (TBC), the coalition includes 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's formation comes in response to the incoming Trump administration's crypto-friendly policies and aims to offer a stronger voice for the industry. TBC Chairman Lee Bratcher expressed optimism about the Trump administration's policies and believes that the administration is unlikely to impose discriminatory restrictions on Bitcoin miners. Despite challenges facing Texas's power grid growth, discriminatory restrictions on mining companies are not anticipated.
Ace Hot Topic Analysis
Analysis
Eight US blockchain associations have joined forces to form the North American Blockchain Association (NABA), aiming to provide unified cryptocurrency policy advice to the federal government. The coalition 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 Cascadia Blockchain Council of the Washington Technology Industry Association. The formation of NABA aims to provide a cohesive voice for cryptocurrency policy advice to the federal government and enable greater information and best practice sharing amongst the state associations. NABA is optimistic about the incoming Trump administration, believing it will take a crypto-friendly stance and not impose discriminatory restrictions on Bitcoin miners. Despite challenges facing Texas’s grid growth, discriminatory restrictions on mining companies are not expected. A large portion of TBC’s funding comes from Bitcoin miners, reflecting Texas’s position as one of the most popular jurisdictions for Bitcoin miners.
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 unified cryptocurrency policy recommendations 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 Cascadia Blockchain Council.
NABA is optimistic about the cryptocurrency-friendly policies of the Trump administration and believes that some unfair practices of the Biden administration will no longer occur.
NABA members believe that the Texas power grid faces challenges but do not expect discriminatory restrictions on mining companies.