The Blockchain Association, an advocacy group based in Washington, D.C., has urged President-elect Donald Trump to prioritize significant cryptocurrency and blockchain regulatory reforms during the initial 100 days of his administration. In a letter published on November 22, the Association outlined a five-point plan aimed at fostering growth in the U.S. crypto sector.
Ending “Regulation by Enforcement”
The Blockchain Association’s primary objective is to end what it describes as a “regulation by enforcement” approach that has driven many crypto innovators offshore. The group emphasized that a more supportive regulatory environment could position the U.S. as a global leader in blockchain technology.
“For years, American crypto innovators have faced a challenging regulatory environment. Your leadership presents a unique opportunity to change that narrative,” the Association wrote.
Key Points in the Reform Plan
The Association’s plan suggests a top-down strategy to overhaul federal oversight in the cryptocurrency space. While it focuses on broad changes, it acknowledges potential obstacles such as congressional challenges that could limit swift action in the early days of the administration.
By advocating for streamlined regulations, the Blockchain Association aims to create a more welcoming environment for blockchain projects and cryptocurrency businesses, encouraging innovation and economic growth.
Summary Review: The Blockchain Association has called on President-elect Trump to prioritize cryptocurrency reform during his first 100 days in office. The group’s five-point plan seeks to replace enforcement-focused regulation with a more supportive framework to help U.S. blockchain innovation thrive.
Disclaimer: Nothing in this article, or any content from Web30 News, should be interpreted as financial advice. The information provided is for entertainment and educational purposes only. Investing in cryptocurrency involves risks, and investors should be aware that capital is at risk and returns are never guaranteed. Please conduct thorough research and consult with a qualified financial advisor before making any investment decision.
