The Blockchain Association, based in Washington, D.C., has urged President-elect Donald Trump to prioritize substantial reforms in cryptocurrency and blockchain regulation during his first 100 days in office. In a letter submitted on November 22, the Association outlines a five-point plan aimed at ending the current regulatory approach of ‘regulation by enforcement,’ which, they claim, has driven American crypto innovators overseas. The plan includes establishing a welcoming framework for digital assets, halting the debanking of cryptocurrency businesses, and appointing a new SEC chair to reverse what they term anti-crypto regulations. The Association also calls for new leadership at the Treasury and the IRS, highlighting ongoing discussions about possible candidates for these positions. Lastly, they recommend the creation of a crypto advisory council to collaborate with Congress and regulatory bodies. The Association believes that these steps could transform the current regulatory landscape and foster innovation in the crypto sector.

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