#Eight associations jointly propose suggestions to the government#
Hot Topic Overview
Overview
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 organization is spearheaded by the Texas Blockchain Council (TBC), and its members include 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. NABA's establishment seeks to provide the federal government with cohesive cryptocurrency policy recommendations, and it is optimistic about the Trump administration's crypto-friendly policies. Despite challenges to Texas's power grid growth, it is not expected that discriminatory restrictions will be placed on mining companies.
Ace Hot Topic Analysis
Analysis
Eight U.S. state blockchain associations announced the formation of the North American Blockchain Association (NABA) on Tuesday, aiming to provide a unified voice on crypto policy recommendations to the federal government. The organization 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 seeks to provide cohesive crypto policy recommendations to the federal government and push for the implementation of crypto-friendly policies. Lee Bratcher, Chairman of the Texas Blockchain Council, expressed optimism towards the crypto-friendly policies of the new Trump administration, suggesting that some unfair practices under the Biden administration would no longer occur. The formation of NABA marks a significant step for the U.S. blockchain industry in policy advocacy, contributing to the advancement of the cryptocurrency sector.
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's Cascadia Blockchain Council.
NABA is optimistic about the cryptocurrency-friendly policies of the new Trump administration, believing they will be beneficial to Bitcoin miners.
NABA believes that Texas faces challenges in growing its power grid, but does not anticipate discriminatory restrictions on mining companies.