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Establishing a Joint Committee to Harmonize Digital Asset and Crypto Regulation.

This law establishes a new advisory committee composed of experts and users to help the SEC and CFTC create clear and consistent rules for cryptocurrencies and blockchain technology. The goal is to ensure greater safety, transparency, and lower transaction costs for individuals using digital financial services. Citizens can expect future regulations to be more coordinated and better adapted to modern technologies.
Key points
Creation of a joint advisory committee to harmonize regulations for digital assets (cryptocurrencies) between the two main regulatory agencies (SEC and CFTC).
The committee will study how blockchain technology can improve customer protection, increase fund transparency, and reduce the cost of financial services.
Regulatory agencies must publicly respond to all committee recommendations, explaining what actions they took or why they chose not to act, increasing their accountability.
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Expired
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Additional Information
Print number: 118_HR_9579
Sponsor: Rep. Rose, John W. [R-TN-6]
Process start date: 2024-09-12
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

BRIDGE Digital Assets Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_9579.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2024-09-12.

What are the main provisions?

Key points include:

  • Creation of a joint advisory committee to harmonize regulations for digital assets (cryptocurrencies) between the two main regulatory agencies (SEC and CFTC).
  • The committee will study how blockchain technology can improve customer protection, increase fund transparency, and reduce the cost of financial services.
  • Regulatory agencies must publicly respond to all committee recommendations, explaining what actions they took or why they chose not to act, increasing their accountability.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Rose, John W. [R-TN-6].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Commodity Markets, Digital Assets, and Rural Development.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Economy Informatization