EddieJayonCrypto

 4 Feb 25

tl;dr

Alabama is positioning itself as a blockchain-friendly state, with the Alabama Blockchain Study Commission leading the charge to push enabling regulations for the sector. Lawmakers and industry advocates aim to attract virtual asset service providers and position the state as a frontrunner in blockc...

Alabama is positioning itself as a blockchain-friendly state, with the Alabama Blockchain Study Commission leading the charge to push enabling regulations for the sector. Lawmakers and industry advocates aim to attract virtual asset service providers and position the state as a frontrunner in blockchain technology in the U.S. Legislators are working on introducing a blockchain bill to offer legal certainty for VASPs and promote economic growth.


Alabama has joined the race to become the United States blockchain hub, with lawmakers and industry advocates partnering to push enabling regulations for the sector. The charge is being led by the Alabama Blockchain Study Commission (ABSC), an advocacy group created by the State Senate last year. Chaired by pro-blockchain Senator Greg Albritton (R-Atmore), the commission recently met to discuss how it can foster blockchain adoption in the Yellowhammer state.


Sen. Albritton says that positive regulations could position Alabama to attract virtual asset service providers (VASPs) who have previously set up in traditional tech hotspots like California and New York. Other legislators concurred. Sen. Bobby Singleton (D-Greensboro) called on fellow legislators to front-run the federal government and implement enabling laws that balance promoting innovation and protecting investors. One legislator has already pledged to introduce a blockchain bill this year. Rep. Mike Shaw (R-Hoover) revealed that he was working on the bill last year, which would offer legal certainty for VASPs in the state.


BTC maximalists don't share the same sentiment and are embracing the idea of a proposed digital asset stockpile. 2025 looks to be a fruitful year for BSV blockchain as it expands its partnerships with global businesses, with the Gate2Chain becoming a blockchain partner for the SmartTZ4Milk project.

Disclaimer

The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.
 19 Jun 25
 19 Jun 25
 19 Jun 25