Yet, we are faced with a unique and growing problem in the United States: it is not among the most favorable places in the world to base or build a blockchain or digital assets based company. Many of our brightest minds are leaving big US tech companies for opportunities in the blockchain industry. Regulations and tax laws in the United States make it very difficult to domestically implement the technology legally sending them out of the country. For those already outside our borders, the United States is never a serious consideration when domiciling their businesses.
This will have a long lasting and severe impact on the United States position as a technology leader on the global stage.
The United States Blockchain & Cryptocurrency Association was created to solve this problem.
By advocating for sound industry practices, regulation and public policies that foster efficient, transparent and fair standards for the use of blockchain technologies, decentralized assets, and cryptocurrency. The USBCA will:
The United States Blockchain & Cryptocurrency Association provides global standards, industry statistics and expert knowledge to professionals, member companies and policy makers nationwide. Highly engaged in public policy and technical forums, the USBCA is committed to advancing blockchain and cryptocurrencies as the distributed ledger technology and currency of choice around the world.
The USBCA is comprised of and represents domestic and international professionals and companies conducting business in the United States throughout the value chain, from development, implementation to ICO planning and advertising. The USBCA is the industry’s leading voice in the United States providing global standards, business intelligence, research and industry expertise to member companies, policymakers and the general public.
The blockchain industry helps developers produce innovative products, including more data efficient accountability, exchanges of value and facilitates new methods of transacting business functions. In the U.S., $945 million was spent on blockchain solutions in 2017. This amount is expected to reach $2.1 billion during 2018. Blockchain spending is expected to grow at a robust pace over the 2016-2021 forecast period with a five-year compound annual growth rate (CAGR) of 81.2%, reaching a total spending of $9.2 billion in 2021.
The USBCA’s origins can be traced back to a Meetup amongst new professionals and enthusiasts in Darien, CT to discuss crypto assets, blockchain technology and the latest concerns in the industry around legality and regulations.
Significant interest in New York City developed around the CBCA Meetup in December and the NYBCA was born.
Founders of the Connecticut and New York Meetups recognized a lack of industry representation at a national level as more interest in the events became evident. With an absence of lobbying effort driven by non-private interests for the industry, the Meetups were merged into a singular organization titled the United States Blockchain & Cryptocurrency Association.
The USBCA begins working with a very experienced and high profile DC lobbyist passionate about blockchain technology who was involved in the 2016 Presidential Campaign for a major candidate, raising nearly $200M for the effort.
The official website for the United States Blockchain & Cryptocurrency Association goes live for the first time.
The USBCA focuses its efforts on four main industry issues and creates its platform on policies around Taxation, Securities Regulations, Patents and Advertising.
Founder Peter Sinkevich represents the USBCA as a speaker during the Alts Capital NY event held at the Cornell Club on June 19th to a conference full of finance and industry professionals interested in investment into blockchain technology.
Founder Peter Sinkevich represents the USBCA during Crypto Pro Miami Art Week December 7th at Art Basel moderating and speaking on topics and concerns for investors looking to expose their portfolios to the blockchain and crypto asset classes.
The USBCA is named the Co-Host of the Crypto Pro Expo 2019 two-day conference in San Francisco, January 29th – 30th at the Hyatt Regency SF.