The American Blockchain Association announced that on behalf of its nearly 100 members, it has submitted a letter to US President elect Trump and the new Congress outlining the priorities that need to be considered in the first 100 days to impact the cryptocurrency industry. The main contents include: establishing a regulatory framework for cryptocurrencies, ending the de banking of cryptocurrency and blockchain technology companies, appointing a new SEC chairman and revoking SAB121, appointing new leadership for the Ministry of Finance and the Internal Revenue Service, establishing a cryptocurrency advisory committee, and collaborating with Congress and federal regulatory agencies. @ftiioma

This initiative by the American Blockchain Association demonstrates the importance of clear regulatory guidelines for the cryptocurrency industry. Collaboration between industry stakeholders and government bodies is crucial for fostering innovation while ensuring consumer protection. Establishing a comprehensive framework will help legitimize the sector and promote its growth in a responsible manner.