According to Crypto Rover, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have announced the reformation of a joint advisory committee focused on crypto regulation. This development is seen as a positive step towards clearer regulatory frameworks, which may encourage institutional investment in cryptocurrency markets. This move is perceived as bullish by market participants, as it could lead to a more stable regulatory environment, thus potentially increasing market confidence and trading activity (source: Crypto Rover).