#Eight blockchain associations form an alliance#
Hot Topic Overview
Overview
Eight US blockchain associations announced the formation of the North American Blockchain Association (NABA) on Tuesday, aiming to provide a unified voice on crypto policy to the federal government. The coalition is comprised of 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. The formation of NABA aims to provide unified crypto policy recommendations to the federal government and is optimistic about the cryptocurrency-friendly policies of the new Trump administration. Despite challenges to Texas grid growth, discriminatory restrictions on mining businesses are not anticipated.
Ace Hot Topic Analysis
Analysis
Eight blockchain associations have formed the North American Blockchain Association (NABA), aiming to provide the federal government with unified crypto policy recommendations. The coalition is comprised of 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 Committee. NABA's formation aims to provide the federal government with cohesive crypto policy recommendations and coordinate actions among the state associations. Lee Bratcher, Chair of the Texas Blockchain Council, expressed optimism about the crypto-friendly policies of the new Trump administration, believing that some unfair actions of the Biden administration will no longer occur. Despite challenges facing Texas grid growth, discriminatory restrictions on mining companies are not expected. The formation of NABA marks a greater policy unity among the American blockchain industry and provides a new platform for the future development of cryptocurrency policy.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Eight major blockchain associations have joined forces to form the North American Blockchain Association (NABA), aiming to provide a unified voice on crypto policy to the federal government.
NABA members include 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 Washington Technology Industry Association's Cascadia Blockchain Council.
NABA is optimistic about the crypto-friendly policies of the new Trump administration.
The Texas Blockchain Council (TBC) receives more than half its funding from Bitcoin mining companies, and it is expected that the growth of the Texas power grid will not discriminate against miners.