PANews reported on January 16 that according to CoinDesk, eight blockchain associations in the United States jointly established the North American Blockchain Association (NABA) to provide unified crypto policy recommendations to the federal government. Lee Bratcher, chairman of the Texas Blockchain Committee (TBC), expressed optimism about the cryptocurrency-friendly policies of the new Trump administration. Currently, more than half of TBC's funds come from Bitcoin mining companies. Despite the challenges of Texas' power grid growth, it is not expected to impose discriminatory restrictions on mining companies.