RALEIGH, N.C. (WNCN) — More and more people are investing in digital currency. But lawmakers fear that particular financial sector lacks enough regulation.

North Carolina Republican congressman Patrick McHenry and Democratic representative Wiley Nickel are working together on legislation that creates safeguards for consumers, promotes innovation and advances national security.

Congressman Nickel sat down with CBS 17’s Russ Bowen to explain what’s included in the Financial Innovation and Technology (FIT) for the 21st Century Act.

The U.S. Senate also recently passed its own version of the National Defense Authorization Act, taking a different approach than the House. Nickel spoke with Bowen about the federal funding U.S. military bases depend on which hangs in the balance and how confident he is that they will soon receive it.