# Golden Finance News

According to Fox News reporter Eleanor Terrett, Republican Congressman John Rose of Tennessee is proposing a new bill called the "BRIDGE Digital Assets Act". The bill will establish a joint advisory committee on digital assets between the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC).

The committee will be composed of 20 private sector participants and aims to provide a cooperative framework for the government and the private sector to optimize the regulatory environment for digital assets. John Rose pointed out that the current harsh regulatory approach does not work, but instead promotes investment in overseas markets. The new bill will bring more development opportunities to areas such as DeFi and BRC-20.