Former Congressman Wiley Nickel stresses the need for Congressional action to create lasting cryptocurrency regulations. He warns against relying on executive orders, which can easily be reversed. Several bills are currently in progress, aiming for comprehensive crypto legislation.
- Congress is working on multiple cryptocurrency bills.
- Bills aim to regulate stablecoins and market structure.
- Efforts are underway to make crypto regulations permanent.
| Bill | Focus | Status |
|---|---|---|
| CBDC Ban | Prohibits US central bank digital currency. | Reintroduced |
| Bitcoin Act | Allows US to buy Bitcoin. | Reintroduced |
| Bitcoin Reserve | Codifies a Bitcoin strategic reserve. | In development |
