Former U.S. Congressman Wiley Nickel, in an exclusive interview with Cointelegraph, emphasized the need to process crypto regulation through Congress to ensure its longevity and stability.
Interview with Former Congressman Wiley Nickel
In a recent interview with Cointelegraph's Turner Wright, former Congressman Wiley Nickel expressed his opinion that for sustainable changes in Washington, legislative initiatives must be channeled through Congress. He noted that attempts to regulate through executive orders can result in inconsistent outcomes that shift from one administration to another.
Congress’ Efforts to Enact Crypto Regulation
The persistence of Congress in enacting crypto regulation remains a pressing issue in 2025. Representative Tom Emmer and Senator Cynthia Lummis have reintroduced legislative projects aimed at restricting digital currencies and maintaining strategic Bitcoin reserves. These efforts highlight not only the necessity of legislative regulation but also the desire to prevent future reversals.
Recent Legislative Developments
Recently, Congressman Byron Donalds initiated legislative measures to codify the Bitcoin strategic reserve into law, offering additional protection to previous presidential orders. Additionally, the House of Representatives recently repealed the IRS broker rule for decentralized finance platforms, seen as a step toward more integrated cryptocurrency regulation.
In conclusion, only through legislative development and enactment can cryptocurrencies gain long-term and stable frameworks for integration into the U.S. economy, as suggested by numerous lawmakers and digital asset experts.
