#Eight Associations Jointly Lobby for Crypto Policy#
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 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, a part of the Washington Technology Industry Association. NABA is optimistic about the cryptocurrency-friendly policies of the new Trump administration and believes it will be beneficial for Bitcoin miners. Currently, more than half of the TBC's funding comes from Bitcoin mining companies, including MARA Holdings, Riot Platforms, Core Scientific, Bitmain, and Cipher Mining. Despite the challenges of growth in the Texas power grid, it is not expected that there will be discriminatory restrictions on mining companies.
Ace Hot Topic Analysis
Analysis
Eight US blockchain associations have joined forces to create the North American Blockchain Association (NABA), with the goal of offering unified cryptocurrency policy recommendations to the federal government. Members of NABA 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 from the Washington Technology Industry Association. The establishment of NABA aims to provide more cohesive cryptocurrency policy advice to the federal government during the Trump administration. Lee Bratcher, president of NABA, is optimistic about the Trump administration's cryptocurrency-friendly policies and believes that they will benefit Bitcoin miners. Despite challenges facing the growth of the Texas power grid, discriminatory restrictions on mining companies are not expected. The formation of NABA signals that the US blockchain industry is actively seeking collaboration with the government to shape and advance cryptocurrency policy.
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), which aims to provide unified crypto policy advice 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 Trump administration's crypto-friendly policies and believes they will be beneficial to the cryptocurrency industry.
NABA believes that Texas' power grid growth faces challenges, but does not expect discriminatory restrictions against mining companies.