Blockchain Association urges Trump to prioritize crypto during first 100 days

The Blockchain Association called on President-elect Donald Trump and Congress to prioritize five key actions during the administration’s first 100 days to make the United States a global leader in cryptocurrency innovation.

In an open letter, the industry group outlined specific measures to address regulatory challenges and support the domestic digital asset economy.

Blockchain Association is a US-based crypto lobbying group that advocates for a regulatory framework for cryptocurrencies. They highlighted the lifting of the bank account ban on crypto companies and the appointment of new leadership for the SEC, Treasury Department, and IRS.

They also proposed creating a cryptocurrency advisory committee that would work with Congress and federal regulators.

Five priorities for Trump’s first 100 days

The letter highlighted five steps aimed at developing a supportive environment for crypto businesses and users:

Establishing a Crypto Regulatory Framework
The Blockchain Association has called on Congress to draft comprehensive legislation for cryptocurrency markets and stablecoins. He argued that this framework would balance consumer protection with innovation. Stablecoins are digital currencies that are pegged to traditional assets such as the US dollar and offer price stability to users. Ending the Debanking of Crypto Companies
The group expressed concerns about crypto businesses losing access to banking services. These companies rely on traditional banks for payroll, taxes and vendor payments. Without banking access, their operations could be severely disrupted. Reform of the SEC and Repeal of SAB 121
The association called for a new SEC chairman to replace what it described as a hostile regulatory approach under current leadership. A reversal of SAB 121, an accounting rule that imposes strict requirements on crypto-related businesses, has also been proposed. Appointment of New Treasury and IRS Leadership
Tax policies for cryptocurrencies, such as the proposed Broker Rule, have been criticized for potentially stifling innovation and driving companies offshore. The letter called on the administration to appoint leaders who will promote privacy and develop a fair tax environment for digital assets. Establishment of Crypto Advisory Council
The letter proposed a council that would facilitate collaboration between industry, Congress and federal regulators. It was stated that public-private partnerships can create rules that protect consumers while encouraging innovation. crypto collaboration

In its letter, the Blockchain Association emphasized that it stands ready to work with the administration and its 100 member organizations to ensure that the United States regains its position as a leader in financial and technological innovation.

“We stand ready to work with you to ensure the United States regains its position as the crypto capital of the world,” the Blockchain Association wrote in its letter.

This letter comes as Trump adopts a strong pro-crypto stance. In early November, reports emerged that Trump was planning to create a position in the White House focused solely on cryptocurrency and related policies.

This letter also comes a day after crypto hater and SEC chairman Gary Gensler announced his impending resignation.