Republican

Cryptocurrency

A new bill has been introduced in Congress that proposes the establishment of a joint committee between the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to review and regulate digital assets. 
The bill, titled the “BRIDGE” Digital Assets Act (Bridging Regulation and Innovation for Digital Global and Electronic Digital Assets), was introduced by Representative John Rose, a member of the House Financial Services Committee. 
According to Rose, the current “sanctions-based regulation” approach to cryptocurrencies is ineffective and drives innovation offshore. “The Joint Advisory Committee on Digital Assets will provide a framework for government and the private sector to collaborate in shaping a successful regulatory environment for digital assets,” the Tennessee-based Republican said in a statement. 
Related News: <a href="https://en.bitcoinsistemi.com/donald-trumps-cryptocurrency-project-launch-date-has-been-set-former-president-makes-official-statement/" target="_blank" rel="dofollow">Donald Trump's Cryptocurrency Project Launch Date Has Been Set - Former President Makes Official Statement</a> 
While the SEC and CFTC have been active in bringing charges against major crypto firms, they have disagreed on key issues such as the need for new legislation and how to classify certain cryptocurrencies like Ethereum. The joint committee proposed in Rose’s bill aims to address these differences and create a cohesive strategy for regulating the digital asset space. 
The committee will include 20 non-governmental partners representing a variety of interests in the digital asset sector, serving two-year terms. The committee will meet at least twice a year to make recommendations on rules and regulations for the crypto sector. The committee’s focus areas include exploring decentralization, improving market efficiency, and ensuring consumer protection. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/landmark-cryptocurrency-bill-introduced-in-the-us-covers-both-sec-and-cftc/">Landmark Cryptocurrency Bill Introduced in the US: Covers Both SEC and CFTC</a>

Landmark Cryptocurrency Bill Introduced in the US: Covers Both SEC and CFTC

Bitcoin Sistemi EN

Other articles published on Sep 12, 2024

Succinct Labs And Optimism in Alliance to Solve ZK Rollups

Analysts Predict Bitcoin’s Growth and Altcoin Surge

Stacks Strengthens Bitcoin Privacy in Asia

Trump and Musk's Bold Collaboration: Revolutionizing Government with the Department of Government...

Friend.Tech Faces Uncertain Future After Transferring Control of Smart Contracts

Analyst Foresees End of Bitcoin Cycle

Join our free newsletter for daily crypto updates!