- Blockchain Association wants to see the establishment of a crypto regulatory framework as a priority.
- Trump should appoint a new SEC chair within the first 100 days.
- Other key areas include an end to the debanking of crypto companies and creation of an advisory council.
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 100 days of the administration.
The association, which has nearly 100 members, noted the priority areas they believe Trump’s government and Congress should focus on in those first three months in a letter submitted on Nov. 22.
According to the crypto and blockchain advocacy group, see the establishment of a crypto regulatory framework as one of the first things the pro-crypto president and Congress should focus on.
“President-elect Trump’s vision to make America the crypto capital of the world is a hope shared by the entire crypto industry – and its founders, developers, and innovators. And it can be realized with President-elect Trump’s arrival to Washington, along with the most pro-crypto Congress in history,” said Blockchain Association chief executive officer Kristin Smith.
New SEC Chair and roll back of SAB 121
The group also wants to see an end to the debanking of crypto and blockchain companies, the swift appointment of a new SEC chair and roll back of SAB 121.
As well as appointments at the Treasury Department and IRS, the Blockchain Association believes the other priority should be the creation of a crypto advisory council. Per the letter, this council will collaborate with Congress and US federal regulatory agencies to promote and not stifle crypto innovation.
“We propose a crypto advisory council to help craft detailed, fit-for-purpose regulations through collaboration with Congress & regulators. Public-private partnerships are essential to establishing smart rules that respond to the tech and protect consumers,” the group noted.
The Blockchain Association’s letter comes as reports suggest Trump’s team is working on appointing a “crypto czar” at the White House. Several pro-crypto individuals are also in the running to become the next SEC chair, with Gary Gensler set to step down in January.
Trump’s election boosted the crypto market, sending Bitcoin to near $100,000, while XRP, Solana and Cardano are among altcoins to rally hard amid the optimism.