Former Congressman Wiley Nickel believes that for crypto regulations to have a lasting impact, they must be enacted through an act of Congress. In an exclusive interview with Cointelegraph’s Turner Wright, Nickel stressed the importance of bipartisan collaboration in pushing through comprehensive crypto regulations.

Nickel stated, “If you want lasting change in Washington, you must move legislation through Congress. Otherwise, if you’re talking about executive orders, it will just go back and forth.” He also emphasized the need to avoid the chaos that can result from executive actions, citing President Trump’s executive orders establishing a Working Group on Digital Assets and a Bitcoin strategic reserve as examples.

Nickel’s comments come as both chambers of Congress are rushing to push through meaningful legislation related to crypto. Rep. Tom Emmer recently reintroduced a bill that would ban a central bank digital currency (CBDC) in the US, while Senator Cynthia Lummis reintroduced the Bitcoin Act, which would allow the US to purchase more than 1 million BTC. Additionally, Rep. Byron Donalds has announced plans to draft legislation to codify the Bitcoin strategic reserve into law, protecting it from being overturned by future administrations.

In a recent vote, the House of Representatives repealed the IRS broker rule, which required decentralized finance platforms to report information to the Internal Revenue Service. And at this year’s Blockworks Digital Asset Summit, Democrat Rep. Ro Khanna expressed confidence that Congress could pass comprehensive crypto regulation in 2025, including a stablecoin bill and a market structure bill.

The push for comprehensive crypto regulations in Congress highlights the need for lasting and meaningful legislation in the rapidly evolving world of cryptocurrency. As Nickel stated, “If you want to see real change, you have to go through Congress.” With both parties working together, there is hope for a more stable and regulated crypto landscape in the future.