Deep Tide TechFlow news, on November 22, the Blockchain Association submitted regulatory recommendations to the Trump team and the new Congress on behalf of nearly 100 members, proposing five priorities for the cryptocurrency industry over the next 100 days.
Specific recommendations include: establishing a complete regulatory framework for cryptocurrencies, terminating the de-banking process for crypto companies, replacing the SEC chairman and repealing SAB 121, appointing new leadership for the Treasury Department and the IRS, and establishing a cryptocurrency advisory committee.
The association emphasizes that the current 'enforcement-based regulatory' model has created market uncertainty and stifled innovation. It also points out that discrimination against crypto companies in banking services is harming U.S. competitiveness, calling for basic banking services to be provided to legitimate taxpaying businesses. The association also suggests revisiting policies such as broker rules to prevent innovative projects from moving overseas.