In the wake of rapidly evolving technologies like Web3 and cryptocurrency, Roundtable anchor Rob Nelson and Samuel Armes, President of Cardone Digital Ventures, engaged in a critical conversation about the challenges lawmakers face in keeping pace with these advancements.

Their discussion highlighted the communication gap between tech innovators and policymakers, emphasizing the need for effective dialogue to bridge this divide.

"I've said for a while, you watch our elected officials and our regulatory officials—for the most part, they're still trying to figure out Web2," Rob Nelson remarked. "They can't even understand a 15-year-old technology, and now we're expecting them to understand... an even more dynamic, rapidly advancing technology."

"It just takes good communication," responded Samuel Armes. "I don't need a politician to understand what a Satoshi is or what [bitcoin's hashing algorithm] SHA-256 is. I just need them to understand that, hey, this is a bitcoin bill and it's going to bring jobs here." He stressed that politicians often rely on experts and that the tech community must simplify its messaging.

Nelson questioned whether the current legislative process is adequate for such swift technological changes. "Do we need a different process? Can our legislative process do this?" he asked. "Do we need to create some kind of statutorily authorized bodies that make these decisions where people actually know?"

"You have to be careful anytime you create another body because they always become corrupted," cautioned Armes. "Some people would rather there be slow regulation because you could also have quick regulation that's terrible." He warned of the risks associated with hasty policymaking and the potential for new regulatory bodies to become compromised.

Armes suggested that legal action might be necessary to challenge overreaching agencies. "Now, with Chevron being repealed, I expect a lot more lawsuits going after the SEC," he noted. "We have to start fighting fire with fire, and I think you're going to start hopefully seeing the Web3 bitcoin crypto community start just suing the hell out of these agencies."

Crypto exchange Crypto.com recently led that effort by suing the SEC after receiving a Wells notice. Consensys had its lawsuit against the SEC thrown out by.a Federal judge in September.