Blockchain Association Lists Top Priorities for Trump’s ‘First 100-Days’

The Blockchain Association wants to see the establishment of a crypto regulatory framework as a priority. Trump must appoint a new SEC chairman within the first 100 days. Other key areas include stopping the firing of crypto companies and creating an advisory council.

The Blockchain Association has sent a letter to US President-elect Donald Trump urging the incoming administration to consider five key areas in the first 100 days of his administration.

In a Nov. 22 letter, the association, which has about 100 members, outlined the areas of focus it believes the Trump administration and Congress should focus on in those first three months.

According to crypto and blockchain advocacy groups, one of the first things a pro-crypto president and Congress should focus on is establishing a crypto regulatory framework.

“President-elect Trump's vision of making America the crypto capital of the world is a hope shared by the entire crypto industry – and its founders, developers and innovators. And it could become a reality when President-elect Trump arrives in Washington, including the most pro-crypto Congress in history,” said Blockchain Association CEO Christine Smith said.

New SEC chairman and SAB 121 rolled back

The group also wants to see the end of the debanking of crypto and blockchain companies, a new SEC chair and a quick appointment behind the package SAB 121.

As well as appointments at the Treasury and the IRS, the Blockchain Association believes another priority should be the creation of a crypto advisory council. According to the letter, this council will work with Congress and US federal regulatory agencies to not stifle crypto innovation.

We proposed a crypto advisory council to help craft detailed, fit-for-purpose regulations in partnership with Congress and regulators. Public-private partnerships are critical to establishing smart laws that respond to technology and protect consumers, the group said.

The blockchain association's letter comes as reports suggest the Trump team is working to appoint a “crypto czar” in the White House. Several pro-crito figures are also running to become the next SEC chairman, with Gary Gensler set to step down in January.

Trump's election sent the crypto market soaring, sending Bitcoin to $100,000, with XRP, Solana and Cardano among altcoins to rally strongly amid optimism.