TechFlow news — On November 22, the Blockchain Association of the United States submitted a regulatory proposal to the Trump team and the new Congress on behalf of nearly 100 members, outlining five key recommendations for the cryptocurrency industry's priorities over the next 100 days.
The specific recommendations include: establishing a comprehensive cryptocurrency regulatory framework; ending the de-banking of crypto companies; replacing the SEC chair and repealing SAB 121; appointing new leadership at the Treasury Department and IRS; and creating a cryptocurrency advisory committee.
The association emphasized that the current "regulation by enforcement" approach has created market uncertainty and stifled innovation. It also pointed out that discriminatory banking practices against crypto firms are undermining U.S. competitiveness, calling for essential banking services to be provided to law-abiding, tax-compliant businesses. Additionally, the association urged a reevaluation of policies such as the broker rule to prevent innovative projects from moving overseas.
