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Proposed Legislation Aims to Establish Joint Committee for Digital Asset Regulation by SEC and CFTC

Proposed Legislation Aims to Establish Joint Committee for Digital Asset Regulation by SEC and CFTC

In a move towards enhancing regulatory oversight and promoting industry collaboration, Congressman John Rose has put forth a bill that would mandate the creation of a joint committee for digital assets by the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). The proposed committee would not only facilitate effective coordination between the two agencies, but also incorporate valuable input from users and industry representatives, ensuring a comprehensive and well-informed approach towards regulating this rapidly evolving sector.