The Digital Chamber, Rep. Wiley Nickel Host Bitcoin Roundtable

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Julia Smith

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Julia Smith

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Julia is an experienced editor with a passion for covering a wide variety of beats. She loves all things politics and regularly covers regulatory updates on emerging technology here for Crypto News.

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Last updated:

September 12, 2024 16:11 EDT

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Congressman Wiley Nickel (D-NC) and The Digital Chamber hosted a Bitcoin roundtable on Wednesday, focusing on policy discussions related to national security, financial inclusion, privacy, and sustainability in the cryptocurrency sector.

The Digital Chamber Unveils Bitcoin Roundtable Discussion

Cody Carbone, President of The Digital Chamber, emphasized the organization’s ongoing collaboration with political leaders to create balanced and effective policies in the digital asset space.

“By collaborating with lawmakers on both sides of the aisle, we aim to ensure that Bitcoin and other digital assets play a central role in creating a fairer, more sustainable economy for everyone,” Carbone stated.

The Digital Chamber summarized the roundtable as a “productive conversation” in a Thursday X post, highlighting Bitcoin’s implications for national security, financial inclusion, privacy, and sustainability.

The post further emphasized the group’s commitment to fostering continued dialogue to support innovation and community empowerment.

Wiley Nickel Continues Digital Asset Advocacy Work

Nickel, who co-hosted the event, has been a strong proponent of the digital asset industry for years.

In May, the North Carolina congressman introduced a resolution with Representative Mike Flood (R-NE) designed to overturn the U.S. Securities and Exchange Commission’s (SEC) controversial staff accounting bulletin, SAB 121.

Nickel’s advocacy work has continued alongside prominent Democratic figures. He recently joined Senator Chuck Schumer (D-NY), Senator Debbie Stabenow (D-MI), and Senator Kirsten Gillibrand (D-NY) at Crypto For Harris’ first town hall event, held via livestream last month.

During the town hall, Nickel contrasted the positions of political leaders on cryptocurrency. “There’s only one person who’s running for president who has called crypto a scam, and that’s Donald Trump,” Nickel remarked.

Despite Trump’s earlier stance, the Republican nominee has since expressed broad support for digital assets during his campaign, stating at Bitcoin Conference 2024 in Nashville, “We will implement regulations, but they will be crafted by those who support the industry, not by its detractors.”

Nickel concluded by warning that turning cryptocurrency into a political issue could hinder U.S. progress in the industry.

“We’re not giving this issue to Trump,” he said. “We want to encourage innovation and protect consumers, but allowing crypto to become a political football is only going to set the U.S. further behind.”