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Perianne Boring, founder and CEO of The Digital Chamber, said crypto regulation can move forward without waiting on Congress.

“Only 2% of legislation that gets introduced actually ever makes it to becoming law,” she tells Rob Nelson. “Congress was created to be very slow, and it’s proved to be exactly that.”

Instead, Boring argues that agencies like the Securities and Exchange Commission (SEC) and Commodity and Futures Trading Commission (CFTC) already have the authority to provide much-needed clarity.

“Both of those agencies could issue regulations to better define that for the industry,” she explained.

She’s optimistic that regulatory action will come soon. “We’ve really had a leadership vacuum in the past. Now we do,” she said, adding that she expects big moves within the first 100 days of the new administration.

Nelson shared her skepticism about relying on lawmakers.

“I always worry about trusting Congress. They don’t even understand Web2… and now we’re asking them to understand a whole new world?”

CryptoWendyO, founder of The O Show, noted another key issue — fair access to tokenized assets.

“Tokenized assets are awesome. Love to see it,” she said. “But if retail doesn’t get the same opportunity that accredited investors get, then all of this fight has been done for nothing.”

Few in Congress own crypto despite Trump’s pro-crypto stance

President Donald Trump’s administration is expected to bring a boom in crypto, but only a few members of the new Congress have personal investments in digital assets.

On Jan. 23, Trump signed an order to create a cryptocurrency working group and recently launched his own crypto token. An analysis of financial disclosures from all 535 members of Congress revealed that only 13 lawmakers, fewer than 13%, currently own cryptocurrency.

While some lawmakers own Bitcoin and other cryptos, their investments remain small. The biggest holder is Senator Dave McCormick, a former hedge fund executive with up to $5 million in a Bitcoin fund.

Vice President J.D. Vance reported holdings between $250,001 and $500,000. The remaining 12 lawmakers collectively hold between $1.1 million and $2.6 million in crypto — just a fraction of their total wealth.