The Blockchain Association, an advocacy group based in Washington, D.C., has urged President-elect Donald Trump to prioritize cryptocurrency and blockchain reforms during his first 100 days in office. In a letter shared on its website, the group outlined a five-point plan to overhaul federal oversight of the sector to promote growth and innovation.
“For years, U.S. crypto innovators have faced challenges, often being pushed offshore by tough regulations,” the letter stated. The group expressed optimism that Trump’s leadership could change this trend. Blockchain Association CEO Kristin Smith also shared insights on the proposal via social media.
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The Five-Point Plan
- Create a Balanced Regulatory Framework
Develop clear rules for digital assets that promote innovation while safeguarding consumers, ending the current “regulation by enforcement” policy. - End Debanking of Crypto Businesses
Ensure fair access to banking services for companies in the cryptocurrency industry. - Appoint Pro-Crypto Leadership at the SEC
Replace the current SEC chair and roll back anti-crypto policies like SAB 121. - Revamp Treasury and IRS Leadership
Appoint new leaders to guide tax and financial policies that support blockchain and cryptocurrency growth. - Establish a Crypto Advisory Council
Form a dedicated council to work with Congress and regulatory agencies on crypto-related issues.
Reports suggest Trump’s team is already considering a White House role focused on cryptocurrency regulation, showing alignment with the Association’s proposals. The group believes these changes could drive the U.S. to become a global leader in blockchain innovation.