New US Bill Proposes Joint SEC-CFTC Crypto Committee to Modernize Regulation
- Congressman John Rose introduces the BRIDGE Act to create a joint advisory committee between the SEC and CFTC.
- The 20-member committee will include representatives from the cryptocurrency industry and meet biannually.
- The initiative aims to shift from an enforcement-driven model to a supportive regulatory framework.
One standout aspect of the BRIDGE Act is its emphasis on including “non-governmental stakeholders,” such as issuers and users of crypto assets. This diverse representation is designed to ensure that the unique perspectives and challenges of the cryptocurrency ecosystem are addressed.
This initiative has the potential to significantly reshape the regulatory landscape for cryptocurrencies, fostering a more collaborative environment that balances innovation with investor protection. If adopted, the BRIDGE Act could position the United States as a leader in global digital asset regulation.
