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.
Status:
Expired
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