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- Eight US blockchain advocacy groups have united to form the North American Blockchain Association (NABA)
- The coalition aims to leverage the anticipated crypto-friendly stance of President Trump’s administration
- NABA seeks to streamline lobbying efforts and present a unified voice for the blockchain industry
In a strategic move to consolidate influence, eight prominent US blockchain advocacy organizations have come together to establish the North American Blockchain Association (NABA). This unification is timely, aligning with expectations of a more supportive regulatory environment under President Trump’s administration. By merging resources and agendas, NABA intends to effectively advocate for policies that foster blockchain innovation and adoption.
Major Players Join forces
The formation of NABA represents a significant milestone in the blockchain sector, with founding members including leading entities such as the Texas Blockchain Council, the Blockchain Association of the Cayman Islands, and the Malaysia Blockchain Association.
These organizations have recognized the strength in unity, especially in engaging with policymakers and regulators. By consolidating their efforts, NABA aims to eliminate fragmented lobbying and present cohesive policy recommendations that reflect the collective interests of the blockchain community.
NABA, built upon core values of collaboration, transparency, and innovation, states that it is committed to creating an ecosystem that encourages the growth and development of blockchain technologies across North America. A primary objective is to advocate for clear and favorable regulatory frameworks that balance innovation with consumer protection. By doing so, NABA seeks to position North America as a leader in the global blockchain landscape.
NABA Plans to Lobby for Blockchain Adoption
In an interview with Coindesk, Lee Bratcher, president of the Texas Blockchain Council, revealed that the overarching purpose of NABA is to serve as a unified voice for the blockchain industry, engaging with government agencies, private sector stakeholders, and the public to promote the benefits and applications of blockchain technology.
Strategically, NABA plans to:
- Lobby for legislation that supports blockchain innovation and reduces regulatory uncertainties
- Facilitate educational initiatives to inform policymakers and the public about blockchain’s potential
- Foster partnerships between industry players to drive collaborative advancements
By aligning its strategies with the anticipated pro-crypto stance of the new administration, NABA aims to accelerate the integration of blockchain solutions into various sectors, thereby contributing to economic growth and technological advancement.
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