Crypto regulation must go through Congress for lasting change — Wiley Nickel

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Coin Telegraph 18h ago

Crypto regulation must go through Congress for lasting change — Wiley Nickel - Coin Telegraph

Quick Summary:

President Trump’s Jan.23 executive order establishing the Working Group on Digital Assets, which also prohibited the development of a central bank digital currency (CBDC), and the order establishing a Bitcoin strategic reserve alongside a separate crypto stockpile, were both examples of executive actions that can be reversed at a later date.

Byron Donalds recently announced that he would draft legislation to codify the Bitcoin strategic reserve into law — shielding President Trump’s original executive order from being overturned by a future administration.

Crypto regulations must be enacted through an act of Congress to become permanent and meaningful pieces of legislation, according to former Congressman Wiley Nickel.