Blockchain Association Proposes Crypto Roadmap for Trump First 100 Days

The Blockchain Association has outlined a five-point plan to position the U.S. as a global leader in cryptocurrency during Trump first 100 days. The proposal emphasizes clear regulations, banking access, and collaboration.

Blockchain Association’s Vision for a Crypto-centric America

In a bid to make the United States the global hub for digital assets, the Blockchain Association, representing over 100 member organizations, has presented a comprehensive crypto policy roadmap to President-elect Trump and the incoming Congress. This bold plan is designed to provide regulatory clarity, foster innovation, and cement America’s leadership in the crypto sector.

Key Elements of the Crypto Plan

1. Establish a Clear Regulatory Framework

The Association urges bipartisan legislation to create clear rules for the crypto industry. By balancing innovation with consumer protection, this framework aims to provide a much-needed legal foundation for digital assets and blockchain technology in the U.S.

2. End Banking Barriers for Crypto Companies

The plan calls for the cessation of discriminatory banking practices that prevent crypto firms from accessing traditional financial services. This step would enable blockchain companies to pay employees and taxes seamlessly, removing a critical barrier to operational growth.

3. Reform the SEC Leadership and Abolish SAB 121

The letter emphasizes the need for new leadership at the SEC to shift away from the current “regulation-by-enforcement” model. The Association also calls for eliminating SAB 121, an anti-crypto policy that has stifled industry growth.

4. Update Taxation and Treasury Policies

The plan advocates for modernizing the IRS and Treasury Department’s approach to crypto taxation. Simplifying tax rules and enhancing privacy protections are key to fostering compliance and investor confidence.

5. Create a Crypto Advisory Council

The Association proposes forming a public-private advisory council to facilitate collaboration between regulators, industry leaders, and policymakers. This council would aim to craft policies that benefit businesses and consumers alike while driving innovation.

Why This Crypto Plan Matters

Since its inception, the American crypto industry has operated in a murky regulatory environment. Many creators and innovators have moved operations overseas due to unclear policies and restrictive practices. Blockchain Association CEO Kristin Smith highlighted the urgency of this initiative, stating, “President-elect Trump’s vision to make America the crypto capital of the world aligns with our industry’s goals.”

By addressing these critical issues, the proposed plan aims to attract investments, create jobs, and solidify the U.S. as a leader in digital asset innovation.

A Roadmap for Success

This proposal is not just a regulatory plan but a vision for ensuring the U.S. remains at the forefront of technological and financial advancements. The Blockchain Association is prepared to collaborate with the new administration to bring this bold vision to life.

With these measures, the U.S. could potentially become the premier destination for blockchain and crypto development, setting a new standard for innovation on a global scale.

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