{"id":137268,"date":"2024-09-15T19:00:41","date_gmt":"2024-09-15T16:00:41","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=137268"},"modified":"2024-09-15T01:53:50","modified_gmt":"2024-09-14T22:53:50","slug":"new-bill-seeks-to-simplify-u-s-crypto-regulations","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/new-bill-seeks-to-simplify-u-s-crypto-regulations\/","title":{"rendered":"New Bill Seeks to Simplify U.S. Crypto Regulations"},"content":{"rendered":"

The proposed bill<\/a><\/strong> suggests the creation of a Joint Advisory Committee, composed of representatives from both the SEC and the CFTC. This committee would work to reconcile the current conflicting regulations between these two agencies, which oversee different aspects of digital assets.<\/p>\n

Rose criticizes the existing \u201cregulation-by-enforcement\u201d model, arguing that it hampers innovation and pushes investment abroad. He advocates for a more supportive regulatory environment for digital asset development.<\/p>\n

The BRIDGE Act<\/a><\/strong> proposes a committee with at least 20 members from the private sector, including digital asset issuers, researchers, and users, to offer recommendations on various aspects of digital assets like decentralization and security. This committee is expected to meet biannually, with its findings presented to both the SEC and CFTC.<\/p>\n