#Eight Associations Join Forces to Lobby for Crypto Policy#
Hot Topic Overview
Overview
Blockchain associations from eight U.S. states recently joined forces to form the North American Blockchain Association (NABA), aiming to provide unified crypto policy recommendations to the federal government. The organization was spearheaded by the Texas Blockchain Council (TBC), with members including 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 seeks to advocate for a more favorable policy environment for the crypto industry, particularly with optimism surrounding the crypto-friendly policies of the Trump administration. TBC Chairman Lee Bratcher stated that while Texas's power grid faces challenges, discriminatory restrictions against mining companies are not expected.
Ace Hot Topic Analysis
Analysis
Eight U.S. 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'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 Washington Technology Industry Association's Cascadia Blockchain Council.NABA's formation aims to provide cohesive cryptocurrency policy recommendations to the federal government and is optimistic about the incoming Trump administration's cryptocurrency-friendly policies. NABA President Lee Bratcher said that Texas has become one of the world's most popular jurisdictions for Bitcoin miners and expects that there will be no discriminatory restrictions on mining companies. Despite challenges in the growth of the Texas power grid, discriminatory restrictions on mining companies are not expected.NABA's formation marks a positive step in the U.S. blockchain industry's efforts to work with the government to shape and advance cryptocurrency policy.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
The North American Blockchain Association (NABA) has been established to provide unified cryptocurrency policy recommendations to the federal government.
NABA members include blockchain associations from eight US states, with the aim of coordinating efforts to collectively advance the development of cryptocurrency policies.
NABA is optimistic about the Trump administration's cryptocurrency-friendly policies and hopes to promote fairer, more consistent cryptocurrency policies.
The Texas Blockchain Council (TBC), as a member of NABA, will continue to promote Texas as a friendly region for Bitcoin miners and seek to address the balance between grid growth and mining company demands.