#Eight Associations Form Crypto Lobbying Group#
Hot Topic Overview
Overview
Eight U.S. state blockchain associations recently came together to form the North American Blockchain Association (NABA) to offer 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 Committee, the Pennsylvania Blockchain Alliance, the Virginia Blockchain Council, and the Cascadia Blockchain Committee of the Washington Technology Industry Association. NABA's formation aims to strengthen communication between the blockchain industry and the government and promote the development of cryptocurrency-friendly policies. TBC Chair Lee Bratcher is optimistic about the Trump administration's pro-cryptocurrency policies and believes that NABA's formation will help drive industry growth.
Ace Hot Topic Analysis
Analysis
Eight US blockchain associations have joined forces to form the North American Blockchain Association (NABA), aiming to provide a unified voice for crypto policy advice to the federal government. Led by the Texas Blockchain Council (TBC), the group includes the 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. The formation of NABA comes in response to the Trump administration's crypto-friendly policies and its desire to play a more active role in policymaking. TBC Chairman Lee Bratcher expressed optimism about the Trump administration's policies, believing they will benefit Bitcoin miners. Despite challenges facing Texas' grid growth, discriminatory restrictions against mining companies are not expected. The establishment of NABA marks a significant step for the US crypto industry in policy advocacy, and future developments will continue to monitor the organization's influence in policymaking.
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Public Sentiment
Discussion Word Cloud
Classic Views
Eight US blockchain associations have joined forces to create the North American Blockchain Association (NABA), aiming to provide a unified voice on crypto policy to the federal government.
The formation of NABA comes in response to the Trump administration's crypto-friendly policies and is intended to offer the federal government cohesive recommendations on crypto policy.
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 Cascadia Blockchain Council, a committee of the Washington Technology Industry Association.
The establishment of NABA signifies the US crypto industry's proactive effort to collaborate with the government in promoting cryptocurrencies' legalization and development.