Key points to remember:
- The Blockchain Association urged Trump and Congress to prioritize crypto-friendly policies in their first 100 days.
- Five crucial steps include regulatory frameworks, ending debanking and appointing new leaders at key agencies.
- The association emphasized collaboration to reestablish the United States as a global leader in crypto innovation.
The Blockchain Association has called on former President Donald Trump and Congress to pass a comprehensive crypto agenda within the first 100 days of their administration. In a detailed letter, the association outlined five strategic steps to boost the U.S. digital asset economy, with the goal of ending years of regulatory hostility.
The organization highlighted the immediate need for a clear legislative framework for crypto regulation that will support innovation while protecting consumers, particularly in relation to stablecoins. The letter also calls on lawmakers to end the debanking of digital currency companies, a practice seen as stifling the sector’s growth.
Crypto companies have recently experienced difficulty accessing traditional banking systems, with the association saying this goes against what it intends to achieve with these companies’ ability to pay their employees, suppliers and taxes .
Call for leadership changes in key agencies
At the heart of the association’s appeal is a call for new leadership within regulatory agencies such as the SEC, the Treasury Department and the IRS. In this letter, he complained about the current “regulation by enforcement” approach implemented by the SEC and the revocation of SAB 121, an anti-crypto accounting guideline.
Additionally, he called for the appointment of leaders who can develop balanced tax policies and provide a friendlier atmosphere for crypto developers. The association believes that closing these leadership gaps will allow the United States to maintain its lead in innovation and prevent the migration of promising projects abroad.
A collaborative vision for US crypto leadership
Additionally, the organization proposed the creation of a crypto advisory council to bridge these gaps between policymakers and the industry. The council would commend public-private partnerships for effectively developing regulations, put consumer protection first, and allow the industry to grow.
Once again, the association reiterated its willingness to work directly with the administration and Congress to help re-establish the United States as a global hub for blockchain technology. The letter underscores the association’s confidence in a friendlier regulatory environment that positions crypto innovation as one of the pillars of technology leadership in America in the years to come.
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