• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Proposed Bill to Unify Digital Asset Regulation

user avatar

by Giorgi Kostiuk

10 months ago


  1. Goals and Objectives of the Bill
  2. Role of the Advisory Committee
  3. Digital Asset Regulation and Evaluation

  4. Congressman John Rose from Tennessee has introduced a bill aimed at streamlining digital asset oversight through a unified regulatory approach.

    Goals and Objectives of the Bill

    The proposed legislation, known as the "BRIDGE Digital Assets Act" (also referred to as the "Bridging Regulation and Innovation for Digital Global and Electronic Digital Assets Act"), seeks to establish a Joint Advisory Committee managed collaboratively by the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC). The main purpose of this bill is to provide both commissions with advice on developing and implementing rules, regulations, and policies concerning digital assets.

    Role of the Advisory Committee

    The advisory committee will play a crucial role in shaping these regulations, providing expert guidance on key aspects such as decentralization, functionality, information asymmetries, and network security. Comprising at least 20 non-governmental members, the committee will be equally appointed by both the CFTC and SEC. Its diverse membership will include digital asset issuers, registered participants, academic researchers, and users, ensuring comprehensive insights and balanced perspectives.

    Digital Asset Regulation and Evaluation

    This initiative is designed to enhance financial market efficiency and protect participants by addressing the complexities of digital assets, blockchain systems, and distributed ledger technology. The committee will focus on harmonizing digital asset policies between the CFTC and SEC, addressing key aspects such as decentralization, functionality, information asymmetries, and security. By enhancing regulatory cohesion, the BRIDGE Digital Assets Act aims to improve the efficiency of financial market infrastructure and safeguard market participants. Additionally, it will explore the potential of digital assets, blockchain systems, and distributed ledger technology to foster innovation and ensure robust financial protection.

    John Rose's bill has the potential to become a significant step in simplifying and improving digital asset regulation, which in turn can enhance financial market efficiency and participant protection.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Polkadot (DOT) Surges Following Bitcoin's Rise: Current Market Analysis

chest

Prices of DOT have increased by 5% in response to the recent Bitcoin rally, indicating growing investor interest in altcoins.

user avatarGiorgi Kostiuk

What Does the Fed's Transition to ISO 20022 Mean for Crypto?

chest

Learn about the upcoming Fed transition to ISO 20022 and its potential implications for cryptocurrencies, especially XRP.

user avatarGiorgi Kostiuk

Bitcoin Price Spikes, Exceeding $117,000 Amid Massive Liquidations

chest

Bitcoin reached $117,000 supported by $1.17 billion in liquidations. It overtook Alphabet in market capitalization.

user avatarGiorgi Kostiuk

Ethereum Breaks Above $3,000 Driven by Whales and Options Expiry

chest

Ethereum surpasses $3,000, driven by options expiry and substantial whale accumulation.

user avatarGiorgi Kostiuk

Eric Trump on Ethereum: Market Impact and Recovery

chest

Eric Trump endorsed Ethereum in February 2025, sparking market interest. Learn about the consequences and price recovery.

user avatarGiorgi Kostiuk

Grayscale’s Updated List: New Investment Opportunities in Cryptocurrency

chest

Grayscale has unveiled an updated list of potential investment products, anticipating broad opportunities in the crypto market.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.