The Washington, DC-based advocacy group Blockchain Association sent a letter to President-elect Donald Trump on Nov. 22, urging him to prioritize cryptocurrency and blockchain regulatory reform during his first 100 days in office.
The letter, shared on the Association’s website, outlines a five-point plan aimed at transforming federal oversight of the cryptocurrency and blockchain sectors to foster growth and innovation.
“For years, American crypto innovators have been targeted and, in some cases, driven offshore by a hostile regulatory regime,” the Association wrote, adding:
“Your arrival in Washington, D.C., has the potential to change that reality.”
Crypto Reform Plan
The Association’s five-point plan calls for a comprehensive overhaul of crypto regulations but does not address potential challenges such as congressional gridlock.
The first point emphasizes creating a framework for digital assets that fosters innovation while protecting consumers.
The group also urged the administration to end the current policy of “regulation by enforcement.”
The second and third recommendations include stopping the debanking of cryptocurrency businesses and appointing a new Securities and Exchange Commission (SEC) chair to “roll back SAB 121,” a staff bulletin perceived as anti-crypto.
The Association also called for leadership changes at the Treasury and IRS.
Recent reports suggest Trump is considering figures like former Federal Reserve Board member Kevin Warsh for Treasury Secretary.
If selected, Warsh could potentially transition to Federal Reserve Chair in 2026 when Jerome Powell’s term ends.
The final recommendation advocates for the establishment of a crypto advisory council to collaborate with Congress and federal agencies.
Reports indicate Trump’s team is already discussing forming an official White House role focused on cryptocurrency regulation.
This initiative highlights the growing importance of crypto in U.S. policy under the incoming administration.
