The Blockchain Association has sent a detailed letter to President-elect Donald Trump and the new Congress, outlining key priorities for the first 100 days of his administration to foster growth in the cryptocurrency sector. The association emphasized the need for regulatory and policy changes to position the U.S. as a global leader in blockchain technology.
Key Demands in the Letter:
- Establishing a Comprehensive Crypto Regulatory Framework
The Blockchain Association advocates for clear and consistent regulations to encourage innovation and growth in the digital asset space. - Ending Financial Discrimination Against Crypto Companies
The letter calls for equal access to financial services for blockchain firms, urging an end to discriminatory banking practices. - Appointing New SEC Leadership and Repealing SAB 121
The association proposes appointing a new SEC chair and repealing Staff Accounting Bulletin (SAB) 121, which is criticized for stifling industry growth. - Leadership Changes in the Treasury and IRS
The group advocates for leaders at the Treasury and IRS who are committed to fostering innovation in the crypto space. - Creating a Crypto Advisory Committee
The proposal includes forming an advisory council to guide policy efforts in collaboration with Congress and federal regulators.
Kristin Smith, CEO of the Blockchain Association, voiced confidence in the new administration’s ability to implement crypto-friendly policies. She highlighted the shared vision of making the U.S. the global crypto capital, a hope echoed across the industry’s innovators and developers.
“The arrival of President-elect Trump in Washington, alongside the most crypto-friendly Congress in history, presents an unprecedented opportunity to realize this vision,” she said.
The crypto community now eagerly awaits how President Trump and Congress will respond to these demands, as their decisions could shape the future of the digital asset industry.
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