Blockchain Association Outlines Crypto “Must-Dos” for Trump Administration

• The Blockchain Association called for a crypto regulatory framework in the U.S.
• The non-profit organization urged several other “immediate steps” to safeguard crypto’s future. 
• The development comes as the digital asset industry keenly monitors Trump’s transition. 

The Blockchain Association has written to U.S. President-elect Donald Trump and members of Congress, urging them to consider certain “crypto priorities” in their first 100 days in office. 

Founded in 2018, the Blockchain Association is a non-profit organization dedicated to advancing crypto’s future in the U.S. by shaping progressive policies and educating regulators about blockchain technology’s potential to foster a secure, competitive, and consumer-friendly digital marketplace. 

Blockchain Association’s Letter to Trump 

In a letter on November 22, the Blockchain Association asked Trump and Congress to take five “immediate steps” to support the domestic digital asset economy and re-establish the U.S. as the world leader of technological innovation. 

The Washington, D.C.-based organization wants the Trump administration to create a crypto regulatory framework that balances innovation with consumer protection and develop an industry advisory council to collaborate with Congress and Federal agencies. 

The organization also cited various concerns of the digital asset industry and called for leadership overhauls at the Treasury, the Internal Revenue Service (IRS), and the Securities and Exchange Commission (SEC). 

“Appoint a new SEC chair and roll back SAB 121, the agency’s punitive, anti-crypto accounting guidelines,” the letter read. “For too long, the crypto industry has been subject to a hostile SEC and its regulation-by-enforcement approach. New leadership at the SEC is critical to ensure a fairer, more transparent, and more effective regulatory environment.”

According to the organization, leadership changes at the IRS and Treasury could ensure fair tax treatment of digital assets and create a “welcoming” environment for software developers while safeguarding the privacy of all Americans. 

The Blockchain Association further urged the new administration to end the “debanking” of crypto, arguing that digital asset companies and users have been unfairly denied access to traditional banking rails critical to paying taxes, vendors, and employees. “This practice should end immediately,” the organization added. 

The association and its 100 member organizations pledged to work with the Trump administration to ensure the U.S. claims its position as the world’s “crypto capital.

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