Eight U.S. Blockchain Groups Form North American Blockchain Association

Blockchain associations from eight U.S. states have established the North American Blockchain Association (NABA) to unify crypto policy recommendations for the federal government. Key points include:

NABA aims to formalize collaboration between state blockchain associations.
Members include groups from Texas, Alabama, California, Florida, Ohio, Pennsylvania, Virginia, and Washington.
Texas Blockchain Council (TBC) president Lee Bratcher highlights funding sources include major corporations and bitcoin miners.
More than half of TBC's funding comes from bitcoin mining companies such as MARA Holdings, Riot Platforms, and Core Scientific.
The incoming Trump administration is expected to maintain a stable regulatory environment for bitcoin miners, in contrast to previous policies under the Biden administration.
Texas has become a leading jurisdiction for bitcoin mining due to its favorable tax regime and abundant renewable energy resources.
Bitcoin miners consume approximately 3,100 MW, enough to power about 620,000 homes.
TBC's focus includes navigating energy policy with ERCOT amid concerns of growing electricity demand.