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Blockchain Association urges Trump administration to prioritize crypto regulation

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Kristin Smith Chief Executive Officer at Blockchain Association | Official website

The Blockchain Association has reached out to President-elect Trump and the incoming Congress, submitting a letter that outlines key priorities for the digital asset industry. The association, representing nearly 100 members, emphasizes several initiatives for consideration within the first 100 days of the new administration.

Among the primary objectives are establishing a regulatory framework for cryptocurrencies, ending the debanking of crypto and blockchain companies, appointing a new chair for the Securities and Exchange Commission (SEC), rolling back SAB 121, and appointing new leadership at both the Treasury Department and IRS. Additionally, they propose developing a crypto advisory council to collaborate with Congress and federal regulatory agencies.

Kristin Smith, CEO of the Blockchain Association, expressed optimism about President-elect Trump's potential impact on the industry. "President-elect Trump’s vision to make America the crypto capital of the world is a hope shared by the entire crypto industry – and its founders, developers, and innovators. And it can be realized with President-elect Trump’s arrival to Washington, along with the most pro-crypto Congress in history," she stated.

The Blockchain Association and its member companies have expressed their readiness to work alongside and support both the new administration and Congress in achieving these goals aimed at positioning America as a leader in cryptocurrency innovation.

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