#Eight Associations Form Crypto Alliance#
Hot Topic Overview
Overview
The Blockchain Associations of eight U.S. states have recently joined forces to form the North American Blockchain Association (NABA), aiming to provide unified cryptocurrency policy recommendations to the federal government. The organization is spearheaded by the Texas Blockchain Council (TBC), with members including the 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 of the Washington Technology Industry Association. The formation of NABA seeks to capitalize on the Trump administration's crypto-friendly policies and provide a stronger voice for the industry. TBC Chairman Lee Bratcher expressed optimism regarding the Trump administration's policies, suggesting that the government is unlikely to impose discriminatory measures against Bitcoin miners. Despite challenges in Texas' grid growth, discriminatory restrictions against mining companies are not expected.
Ace Hot Topic Analysis
Analysis
Eight US blockchain associations joined together on Tuesday to form the North American Blockchain Association (NABA), aiming to provide unified cryptocurrency policy recommendations to the federal government. Members of NABA 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's formation aims to provide cohesive cryptocurrency policy recommendations to the federal government, reflecting the crypto industry's growing desire to influence policymakers. The formation of NABA also indicates the willingness of US states to collaborate on blockchain and cryptocurrency issues. NABA chairman Lee Bratcher is optimistic about the Trump administration's cryptocurrency-friendly policies and stated that NABA will strive to ensure that Bitcoin miners' interests are protected in Texas. While there are challenges facing Texas grid growth, discriminatory restrictions on mining companies are not expected.
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Public Sentiment
Discussion Word Cloud
Classic Views
Eight US blockchain associations have joined forces to form the North American Blockchain Association (NABA) with the goal of providing 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 and hopes to push the federal government to enact policies that are beneficial to the cryptocurrency industry.
The formation of NABA aims to provide a stronger lobbying force for the cryptocurrency industry and push for the cryptocurrency industry to have a greater voice in policymaking.