US Congressman launches new bill to establish joint advisory committee on digital assets between SEC and CFTC

BlockBeats News: On September 13th, according to Fox News reporter Eleanor Terrett, Republican Congressman John Rose from Tennessee is a member of the Republican Committee on Financial Services in the United States House of Representatives. He is proposing a new bill called the "Bridge Digital Assets Act," which will establish a joint advisory committee on digital assets between the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC). It is reported that the purpose of the committee is to enable the industry to provide recommendations on digital asset related rules, regulations, and policies to these two institutions. The committee will consist of 20 private sector participants representing different interests in the crypto field. John Rose said, "The current strict and mandatory regulatory methods are not working and instead encourage investment in this critical innovation overseas." The Digital Asset Joint Advisory Committee will provide a framework for government and private sector partners to collaborate and ensure a successful regulatory environment for digital assets and private sector participants