CryptoMediaClub
Sunday, July 27, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Blockchain Association Calls on Trump to Prioritize Crypto in First 100 Days

23.11.2024
A A
0
120
VIEWS
ShareShare

The Blockchain Association, a leading trade group representing over 100 crypto organizations, publicly appealed to President Trump and the newly elected Congress on November 22.

The association advocates for effective regulatory reforms to support the cryptocurrency industry. After years of challenges, they hope for a friendlier regulatory environment.

Blockchain Association Pushes for Change: Five-Point Plan to Revitalize U.S. Crypto Oversight

In a letter, the group outlined a five-point plan for reform. The proposal seeks to restructure federal oversight of the cryptocurrency industry to encourage innovation and growth.

1/ Today, Blockchain Association submitted a letter to President-elect Trump and the new Congress outlining priorities impacting the crypto industry to consider in the first 100 days.https://t.co/uMa29LYHpr pic.twitter.com/kJbx9l1cqv

— Blockchain Association (@BlockchainAssn) November 22, 2024

“For years, American crypto innovators have been targeted and, in some cases, driven offshore by a hostile regulatory regime,” the letter stated.

It expressed hope that the incoming administration could change this.

The association also criticized what it described as the “debanking” of crypto companies.

It said many have restricted access to traditional banking services, making managing operations such as paying employees and taxes difficult.

It urged an end to this practice to enable smoother operations for businesses in the sector.

Leadership changes at the Securities and Exchange Commission (SEC) and the Treasury Department were also prioritized.

The association pointed to the SEC’s enforcement-driven approach under current leadership, which has stifled innovation.

It also called for revising the SEC’s stringent accounting guidelines and improving tax policies at the Treasury and IRS to prevent the offshore movement of blockchain businesses.

The group proposed forming a crypto advisory council to bridge the gap between government and industry.

This council would collaborate with Congress and regulatory agencies to craft policies that balance regulatory oversight with technological growth.

Trump Administration Seen as a Beacon of Hope for Crypto Regulatory Reform

On October 31, the Blockchain Association revealed that the SEC has cost companies nearly half a billion dollars in legal expenses tied to digital asset litigation.

According to an October 31 update on the BA’s “regulation by enforcement” page, the SEC filed 104 cases against the crypto sector between 2021 and 2023.

The group highlighted that its member companies, representing only a “small slice of the industry,” reported spending roughly $426 million on defensive litigation during that period.

The BA’s findings come as the crypto industry looks to President-elect Donald Trump for regulatory reform.

Trump’s choices for key financial roles, such as Treasury Secretary, could influence the pace of change.

Reports suggest that former Federal Reserve Board member Kevin Warsh is a strong contender. Warsh could also replace Federal Reserve Chair Jerome Powell in 2026 if appointed.

While Trump’s team is reportedly considering creating a White House post focused on cryptocurrency, it’s uncertain how quickly these reforms will take shape.

The post Blockchain Association Calls on Trump to Prioritize Crypto in First 100 Days appeared first on Cryptonews.

Share9Tweet6ShareSharePin2

Related Posts

What if Strategy Had Invested in XRP Instead of Bitcoin? 
All news

What if Strategy Had Invested in XRP Instead of Bitcoin? 

27.07.2025
0

Strategy (formerly known as MicroStrategy) has been on a wild ride these past few years — defying naysayers by persevering...

Read moreDetails
Ethena Up 21% After $360M USDe Deal – Can ENA Hit $1?

Ethena Up 21% After $360M USDe Deal – Can ENA Hit $1?

27.07.2025
After the Passage of the Genius Act, ALL4 Mining and XRP Will Help Investors Open a New Chapter in Mining Income

After the Passage of the Genius Act, ALL4 Mining and XRP Will Help Investors Open a New Chapter in Mining Income

27.07.2025
Bitcoin Price Prediction: All Eyes on This Descending Triangle Chart Pattern – 100% Move Coming?

Bitcoin Price Prediction: All Eyes on This Descending Triangle Chart Pattern – 100% Move Coming?

27.07.2025
Siton Mining Launches New Application to Use XRP to Start BTC Mining Machines

Siton Mining Launches New Application to Use XRP to Start BTC Mining Machines

27.07.2025
Load More
Next Post
SEC Commissioner Jaime Lizárraga To Step Down Amid Chair Gary Gensler’s Resignation  

SEC Commissioner Jaime Lizárraga To Step Down Amid Chair Gary Gensler’s Resignation  

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Kraken’s Deposit Block Triggers Crypto Premium Surge on South African Exchanges

Kraken’s Deposit Block Triggers Crypto Premium Surge on South African Exchanges

2 years ago
Woo Trade (WOO) Surges Over 15% Amid Growing Interest in DEX

Woo Trade (WOO) Surges Over 15% Amid Growing Interest in DEX

2 years ago
Polygon Introduces AI Guide Powered by ChatGPT to Support Web3 Enthusiasts

Polygon Introduces AI Guide Powered by ChatGPT to Support Web3 Enthusiasts

2 years ago

Lawyer in $400 Million OneCoin Scam Denied New Trial Despite Witness’ False Testimony: Report

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

After the Passage of the Genius Act, ALL4 Mining and XRP Will Help Investors Open a New Chapter in Mining Income

Bitcoin Price Prediction: All Eyes on This Descending Triangle Chart Pattern – 100% Move Coming?

Siton Mining Launches New Application to Use XRP to Start BTC Mining Machines

How Little Pepe’s Layer 2 Chain Changes Meme Coin Hype, Raises $5 Million in Presale

El Salvador’s Bitcoin Strategy Faces IMF Hurdles and Limited Public Reach, Says NGO

Solana Price Prediction: Key Technical Formation Signals Major Upside Potential for SOL

Trending

Increased market volatility as the U.S.–Europe tariff deadline looms
Analysis

Increased market volatility as the U.S.–Europe tariff deadline looms

27.07.2025
0

As the August 1 deadline for a U.S.–Europe tariff deal approaches, talks between the Trump Administration and...

What if Strategy Had Invested in XRP Instead of Bitcoin? 

What if Strategy Had Invested in XRP Instead of Bitcoin? 

27.07.2025
Ethena Up 21% After $360M USDe Deal – Can ENA Hit $1?

Ethena Up 21% After $360M USDe Deal – Can ENA Hit $1?

27.07.2025
After the Passage of the Genius Act, ALL4 Mining and XRP Will Help Investors Open a New Chapter in Mining Income

After the Passage of the Genius Act, ALL4 Mining and XRP Will Help Investors Open a New Chapter in Mining Income

27.07.2025
Bitcoin Price Prediction: All Eyes on This Descending Triangle Chart Pattern – 100% Move Coming?

Bitcoin Price Prediction: All Eyes on This Descending Triangle Chart Pattern – 100% Move Coming?

27.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz