According to former House of Representatives Wiley Nickel, encryption regulations must be enacted to be a permanent and meaningful bill through the Congress Act.
In an exclusive video interview with COINTELEGRAPH’s Turner Wright, Nickel urged Pipartisan collaboration to promote comprehensive encryption regulations. Former lawmakers added:
“Anyone who is interested in this problem is really important to realize that if he wants to change in Washington and want to change his legislation through parliament. Otherwise, he will go back and forth if he is talking about administrative orders.”
Nickel said, “I do not want confusion a few months ago on the Gary Gensler’s SEC.
President Trump’s January 23 administrative order established a working group for digital assets that prohibit the development of CBDC (Central Bank Digital Currency), and the order of setting the Bitcoin Strategic Reserve Forces with a separate password stock file was an example of an administrative measure later.
Former House of Representatives Wiley Nickel ranked second from the left in the Blockworks Digital Asset Summit. Source: COINTELEGRAPH
relevant: Until August, Stablecoin, Market Rescue Claim Congress: Block Chain Association
Parliament
Most of the US House of Representatives, TOM Emmer, reintroduced the law that banned CBDC in the United States on March 6.
Cynthia Lummis, Senator Waioming, introduced the Bitcoin law in March, based on the initial bill of the same title, but the United States has made it possible to purchase more than a million Bitcoin (BTC).
2025 Lummis Senator Bitcoin. Source: Cynthia Lummis Senator
Byron Donalds spokesman recently announced that he would write a bill to organize the Bitcoin Strategic Reserve Army by law.
On March 12, the House of Representatives abolished the IRS broker rules that require a financial platform that required a financial platform that was dispersed to report information to internal revenue services at 292-131 votes.
In this year’s BlockWorks Digital Asset Summit, Democrat RO Khanna said Congress should be able to pass comprehensive encryption regulations, including Stablecoin Bill and Market Rescue Act.
magazine: The U -turn of the SEC for encryption does not answer major questions.