Eight U.S. Blockchain Groups Form North American Blockchain Association
- Blockchain associations from eight U.S. states have formed the North American Blockchain Association (NABA).
- NABA aims to provide cohesive crypto policy recommendations to the federal government.
- Members include Texas, Alabama, California, Florida, Ohio, Pennsylvania, Virginia, and Washington state blockchain councils.
- The Texas Blockchain Council (TBC) receives over half of its funding from bitcoin miners.
- Bitcoin miners in Texas consume about 3,100 MW of energy, enough to power approximately 620,000 homes.
The newly formed North American Blockchain Association seeks to unify state-level blockchain policy efforts across eight states to influence federal crypto regulations effectively.
