Three Congressmen described digital asset regulation in terms of national security, economic competition and competitiveness during Monday’s panel discussion of The Bitcoin 2026 Conference at Las Vegas.
Reps. Mariannette Miller-Meeks Mike Lawler (R.N.Y.), Zach Nunn, and (R.Iowa) (R.Iowa). “The Bitcoin Bloc: A New Force in American Politics,” Faryar Shirzad is the Chief Policy Officer of Coinbase.
Miller-Meeks described Bitcoin as “financial democracy” Cryptocurrency adoption is linked to America’s 250th Supporting digital assets is framed as patriotic. She called the Chinese Communist Party a menace and described crypto policy as an issue of national safety.
A former medical student, the Iowa Congresswoman spoke about her experience and how Bitcoin can protect women from domestic abuse.
She said women can benefit from digital assets that are beyond the government’s reach. As an example, she cited Canada’s trucker demonstration as a government interference in financial accounts. Miller-Meeks admitted that older Americans expressed concern about the safety of digital assets.
Chinese policy on bitcoin is in a hurry
Miller-Meeks as well Nunn both highlighted the U.S. policy on crypto in relation to competition with China. Miller-Meeks said that China is still pursuing leadership in the sector of digital assets, but the United States remains a better environment for innovation.
Nunn cautions against failing to progress. American leadership in Bitcoin The digital asset poses a national security risk. He called on China to be held accountable, and said that losing November’s midterm elections would reverse 18 months worth of legislative advances. It could allow the U.S. to fall behind while its adversaries gain.
“Decisions and elections have consequences,” Nunn pointed out specific anti-crypto Democrats when he spoke about the importance of the midterm elections.
Nunn highlighted the progress that has been made by Congress in relation to the crypto-sector, noting the fact that the SEC’s former Chairman Gary Gensler had imposed fines of millions of dollars on violations for concepts Gensler could not comprehend. Gensler’s firing occurred earlier during the Trump Administration.
Lawler cited GENIUS Act (Generic Innovation and Economic Development Act) as a step in the right direction, but said Congress needs to establish a comprehensive regulatory framework at federal level.
Scott Bessent, Treasury Secretary op-ed You can also find out more about the following: The Wall Street Journal And stated that passing regulatory clarification will position America in the forefront of digital asset space. Lawler believes that SEC regulations are in the interest of the crypto industry.
Lawler, a New Yorker himself, said that he wanted the crypto-industry to stay in New York so they could feel safe operating there.
The ‘double taxation’ of bitcoin mining
Nunn criticised double taxation Bitcoin mining Operations, asking why the U.S. taxed Bitcoin mining differently from other forms of asset extract. He stated that excessive taxes drive innovation away from the United States and stressed the importance of not making business difficult in the United States.
This panel discussion revealed a shift in Republican views on digital assets. Instead of focusing on consumer protection and financial stability, lawmakers now frame crypto policy from the perspective of global competition as well as individual freedom.
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Source: bitcoinmagazine.com
