According to Foresight News, John Rose, a Republican member of the U.S. House of Representatives Financial Services Committee, proposed a new bill called the BRIDGE Digital Assets Act, which plans to establish a digital asset joint advisory committee between the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC). "The Digital Asset Joint Advisory Committee will provide a framework for government and private sector partners to work together to achieve a successful regulatory environment for digital assets and private sector participants."