More than 40 states have come together to launch the United States Blockchain Coalition (USBC), an organization aimed at promoting multistate collaboration and maintaining American leadership in areas such as digital assets, Bitcoin, and distributed ledger technologies (DLT).

The USBC, led by representatives from Texas, Washington, California, Florida, Wyoming, and Pennsylvania, will focus on sharing best practices, aligning on public policy and legislative priorities, and creating opportunities for partnerships that enhance the competitiveness of the U.S. and individual states.

Arry Yu, Founder and Co-Chair of the USBC, highlighted the power of collective advocacy and the importance of advancing the conversation around the benefits of blockchain-based technology. By working together, the USBC aims to inform national strategy and policy to enhance the competitiveness of the American blockchain ecosystem.

In addition to its collaborative efforts, the USBC will highlight and catalog use cases across the country, provide education to policymakers, build relationships with regulatory bodies and agencies, and actively seek partnerships with industry, government, academia, and investors to drive growth in the sector. The organization also plans to release a state-by-state economic impact study of digital assets in the summer of 2023.

Lee Bratcher, Co-Chair of the USBC, emphasized the industry’s maturity and its potential for widespread adoption. He believes that the USBC can lay the foundation for the future of the industry and create an operational environment that benefits all states.

The USBC is actively recruiting new members to join its multi-state focused federation. The organization welcomes states that are recognized as leaders in digital assets, Bitcoin, and DLT to join the coalition.

The U.S. Blockchain Coalition (USBC) is a proactive collaboration of state associations, private entities, and influential individuals working together to drive a national conversation about emerging technology policy, education, and adoption. The coalition’s mission is to share best practices, improve operational efficiency, consolidate political influence, and advocate for constructive public policy to benefit its members and educate key stakeholders, including investors.