{"id":76213,"date":"2026-04-28T09:00:53","date_gmt":"2026-04-28T02:00:53","guid":{"rendered":"https:\/\/hbbgroup.net\/house-republicans-warn-that-the-americas-bitcoin-weakness-will-benefit-china\/"},"modified":"2026-04-28T09:00:53","modified_gmt":"2026-04-28T02:00:53","slug":"house-republicans-warn-that-the-americas-bitcoin-weakness-will-benefit-china","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/zh\/house-republicans-warn-that-the-americas-bitcoin-weakness-will-benefit-china\/","title":{"rendered":"House Republicans Warn That the America\u2019s Bitcoin Weakness Will Benefit China"},"content":{"rendered":"
\n

Three members of Congress positioned digital asset regulation as a matter of national security and economic competition during a panel discussion at The Bitcoin 2026 Conference in Las Vegas on Monday.<\/p>\n

Reps. Mariannette Miller-Meeks<\/a> (R-Iowa), Zach Nunn (R-Iowa), and Mike Lawler (R-N.Y.) spoke on \u201cThe Bitcoin Bloc: A New Force in American Politics,\u201d moderated by Faryar Shirzad, Chief Policy Officer at Coinbase.<\/p>\n

Miller-Meeks described Bitcoin as \u201cfinancial democracy\u201d and linked cryptocurrency adoption to America\u2019s 250th<\/a> anniversary, framing support for digital assets as patriotic. She cited the Chinese Communist Party as a threat and characterized crypto policy as a national security issue.<\/p>\n

The Iowa congresswoman shared her background working through medical school and highlighted Bitcoin\u2019s potential to protect women experiencing domestic abuse or violence.\u00a0<\/p>\n

She said digital assets can provide women with resources beyond government reach, citing Canada\u2019s trucker protest as an example of government intervention in financial accounts. Miller-Meeks acknowledged that older Americans express concerns about digital asset safety.<\/p>\n

Chinese is driving bitcoin policy urgency<\/h2>\n

Both Miller-Meeks and Nunn emphasized competition with China as a driver for U.S. crypto policy. Miller-Meeks stated that China continues to pursue leadership in the digital asset sector but said the United States remains the best environment for innovation.<\/p>\n

Nunn warned that failing to advance American leadership in Bitcoin<\/a> and digital assets creates national security risks. He called for holding China accountable and said losing the November midterm elections could reverse 18 months of legislative progress, allowing adversaries to gain ground while the U.S. falls behind.<\/p>\n

\u201cDecisions and elections have consequences,\u201d Nunn said, pointing to specific anti-crypto Democrats as he discussed the stakes of the upcoming midterm elections.<\/p>\n

Nunn highlighted progress in Congress and the crypto sector, noting that the SEC under former Chair Gary Gensler imposed fines in the millions of dollars for violations involving concepts Gensler did not understand. Gensler was fired earlier in the Trump administration.<\/p>\n

Lawler referenced the GENIUS Act as a positive step but said Congress must establish a comprehensive federal regulatory framework.\u00a0<\/p>\n

He cited Treasury Secretary Scott Bessent\u2019s op-ed <\/a>in The Wall Street Journal<\/em> and stated that passing regulatory clarity will position America at the forefront of the digital asset space. Lawler said SEC regulations should serve the crypto industry\u2019s best interests.<\/p>\n

As a New Yorker, Lawler said he wants the crypto industry to remain in New York and feel secure operating in the state.<\/p>\n

The \u2018double taxation\u2019 of bitcoin mining<\/h2>\n

Nunn criticized double taxation on Bitcoin mining<\/a> operations, questioning why the U.S. taxes Bitcoin mining differently than other forms of asset extraction. He said excessive taxation drives innovation to other countries and emphasized the need to avoid making it difficult to conduct business in the United States.<\/p>\n

The panel discussion reflected a broader shift in congressional Republican attitudes toward digital assets, with lawmakers framing crypto policy through the lens of geopolitical competition and individual financial freedom rather than consumer protection or financial stability concerns that dominated earlier regulatory debates.<\/p>\n<\/p><\/div>\n

\n

\"Micah<\/a><\/p>\n

\n

Micah Zimmerman<\/a><\/p>\n

Micah first discovered Bitcoin in 2018 but remained a skeptic on the sidelines for too long. Since 2021, he has covered crypto and business and now works as a news reporter for Bitcoin Magazine, based in North Carolina.<\/p>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

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