Wu learned that, according to Fox News reporter Eleanor Terrett, Republican Congressman John Rose from Tennessee is introducing a new bill named the “BRIDGE Digital Asset Act”. This bill aims to 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 purpose of this committee is to provide advice to both agencies on digital asset-related rules, regulations, and policies. The committee will consist of 20 private-sector participants representing various interests in the Crypto sector.