Blockchain Association Urges Trump Administration to Boost US Crypto Industry
The Blockchain Association has called on President-elect Donald Trump to take immediate action to support the US crypto industry within the first 100 days of his term. The association outlined its proposals in a letter sent on Nov. 22.
Key Priorities
- Establishing a comprehensive regulatory framework for digital assets
- Ending discriminatory banking practices against crypto firms
- Appointing new leadership at key federal agencies
Five-Point Plan
The Blockchain Association emphasized the importance of bipartisan legislation to define clear rules for market structure and stablecoins. It stressed the need for a regulatory framework that fosters innovation while protecting consumers.
The association also highlighted the issue of “debanking,” where banks refuse services to crypto companies, hindering their growth and competitiveness.
Call for Action
- End discrimination against crypto firms
- Move away from regulation-by-enforcement approach
- Roll back punitive accounting guidelines for crypto businesses
- Appoint a new SEC chair
- Clarify crypto tax policies
Building Leadership in Blockchain Technology
The Blockchain Association believes that addressing these priorities is crucial to reversing years of hostile regulation and positioning the US as a global leader in blockchain technology. Failure to act decisively could result in the US falling behind other nations in attracting blockchain innovation.
By implementing the proposed measures, the Trump administration has the opportunity to establish a leadership position in the evolving digital economy and ensure that the US remains a hub for crypto and digital assets.
