The encryption regulations must be enacted through a law of Congress to become permanent and meaningful legislation, according to former Congress member and Waili Niklem.
In an exclusive video interview with Turner Wright from Cointelegraph, Nikkal urged the two parties to cooperate through comprehensive encryption regulations. The former member of the Congress added:
“I think it is really important for anyone interested in this issue to retreat and realize that if you want a permanent change in Washington, you must transfer legislation through Congress. Otherwise, if you are talking about executive orders, then this will go back and forth.”
“You don’t want to have the chaos we saw just months ago with SEC Gary Gensler – you need to obtain legislation through Congress,” Repeat Nickel.
On January 23, President Trump’s executive was established the working group on digital assets, which also banned the development of a central bank’s digital currency (CBDC), and the matter that creates a strategic bitcoin reserve along with a separate coding stock, which was an example of the executive procedures that could be reflected at a later time.
Former Congress member Willie Nickel was filmed second in the left at the top of the Block Warx digital assets. Source: Cointelegraph
Related to: Congress on the right track for stablecoin, market structure bills by August: Blockchain Association
Each of the Congressing rooms rushes to move through meaningful legislation
Representative Tom Emer, the majority of the US House of Representatives, was re -presented legislation prohibiting the Convention on Biological Diversity in the United States on March 6.
Senator Wyoming Centeh Lomes also re -submitted Bitcoin in March, which depends on a previous bill of the same title but allows the United States to purchase more than a million Bitcoin (BTC).
Senator Lomis Bitcoin Act for 2025. Source: Senator Cinemia Lomes
Representative Bayron Donalds recently announced that he will believe in legislation to write the strategic reserves of Bitcoin in the law – and it protects President Trump’s executive order from the future administration.
On March 12, the House of Representatives canceled the Broker of the Tax Authority medium that requires decentralized financing platforms to report information to the internal revenue department in a 292-131 vote.
Speaking at the BlockWorks Digital Asset Dumbit summit, Democratic Representative Ro Khanna said that Congress should be able to pass a comprehensive encoding organization in 2025, including the Stablecoin Bill and the Market Temple Bill.
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