- The Blockchain Association wants to see the creation of a regulatory framework for cryptocurrencies as a priority.
- Trump must appoint a new SEC chairman within the first 100 days.
- Other key areas include ending engagement with cryptocurrency companies and establishing an advisory board.
The Blockchain Association has sent a letter to US President-elect Donald Trump, urging the new incoming government to consider five key areas in the first hundred days of the administration.
The association, which has nearly 100 members, noted priority areas it believes the Trump administration and Congress should focus on in those first three months in a letter. Submitted On November 22nd.
According to the cryptocurrency and blockchain advocacy group, see creating a regulatory framework for cryptocurrencies as one of the first things the pro-crypto president and Congress should focus on.
“President-elect Trump’s vision of making America the cryptocurrency capital of the world is a hope shared by the entire cryptocurrency industry — and its founders, developers, and innovators. This can be achieved with President-elect Trump arriving in Washington, along with Congress,” said Christine Smith, CEO of the Blockchain Association. Most pro-crypto in history.”
A new SEC head and the repeal of SAB 121
The group also wants to see an end to the unbundling of banking services for cryptocurrency and blockchain companies, the rapid appointment of a new SEC head and a rollback of… Saab 121.
In addition to appointments to the Treasury Department and the IRS, the Blockchain Association believes another priority should be the creation of a cryptocurrency advisory board. According to the letter, this council will cooperate with Congress and US federal regulators to promote and not stifle innovation in the cryptocurrency space.
“We propose establishing a Cryptocurrency Advisory Council to help craft detailed, fit-for-purpose regulations through collaboration with Congress and regulators. Public-private partnerships are essential to develop smart rules that respond to technology and protect consumers,” the group noted.
The Blockchain Association's letter comes as reports indicate that Trump's team is working on it Appointed 'Cryptocurrency Czar' In the White House. Several pro-crypto individuals are also vying to become the next head of the SEC, with Gary Gensler set to take over. Step down In January.
Trump's election has boosted the cryptocurrency market, sending Bitcoin soaring to nearly $100,000, while XRP, Solana and Cardano are among the altcoins that have risen strongly amid optimism.