#Eight Blockchain Associations Form an Alliance#
Hot Topic Overview
Overview
Blockchain associations from eight U.S. states recently joined forces to establish the North American Blockchain Association (NABA), with the goal of providing a unified voice for cryptocurrency policy recommendations to the federal government. NABA's membership includes 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 Cascadia Blockchain Council, part of the Washington Technology Industry Association.The formation of NABA aims to provide a stronger voice for the cryptocurrency industry and drive the development of more favorable cryptocurrency policies by the federal government. NABA is optimistic about the incoming Trump administration, believing it will have a more favorable stance on cryptocurrency.
Ace Hot Topic Analysis
Analysis
Eight blockchain associations have joined forces to form the North American Blockchain Association (NABA), with the aim of providing unified cryptocurrency policy recommendations to the federal government. The alliance is comprised of 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 Cascadia Blockchain Council from the Washington Technology Industry Association. The formation of NABA aims to strengthen communication between the blockchain industry and the government, offering more cohesive recommendations for cryptocurrency policy. Alliance members are optimistic about the Trump administration's cryptocurrency-friendly policies and hope to advance industry development. Lee Bratcher, Chair of the Texas Blockchain Council, stated that while challenges exist regarding the growth of the Texas power grid, there are not expected to be discriminatory restrictions on mining companies. The establishment of NABA marks a significant step forward in the blockchain industry's policy influence, and future developments will continue to monitor the alliance's progress in shaping cryptocurrency policy.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Eight major blockchain associations have joined forces to create the North American Blockchain Association (NABA) 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 Trump administration's cryptocurrency-friendly policies and hopes to accelerate the development of cryptocurrency policy.
NABA members will retain their independence but can act in concert when necessary to jointly promote the development and implementation of cryptocurrency policy.