These organizations may join forces to jointly regulate the cryptocurrency industry and develop a unified approach to overseeing crypto markets.
U.S. Congressman John Rose introduced the BRIDGE bill, which proposes the creation of a joint committee between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). This step aims to eliminate legal gaps and uncertainties in the regulation of digital assets, which complicate the operations of both crypto companies and investors.
The initiative seeks to establish an open dialogue between the private sector and government bodies to develop more transparent and coordinated regulatory standards. The committee will include 20 representatives from “non-governmental stakeholders,” including issuers of crypto assets, digital currency users, blockchain industry representatives, as well as financial market and legal experts. This will allow for the consideration of all perspectives and interests in the crypto market, contributing to more effective and equitable industry regulation.
