Commission XI Targets Completion of P2SK Law Revision Discussion in This Session

Jakarta (ANTARA) - Member of the House of Representatives Commission XI, Eric Hermawan, stated that his commission targets completing the discussion on the revision of the Law on the Development and Strengthening of the Financial Sector (P2SK) during the Fourth Session of the 2025-2026 Sitting Year.

As announced by House Speaker Puan Maharani, the Fourth Session of the 2025-2026 Sitting Year runs from 10 March 2026 to 21 April 2026. Meanwhile, Commission XI of the House of Representatives oversees the financial sector, national development planning, monetary policy, and financial services.

“Currently, the revision of the P2SK Law (particularly regarding crypto assets) is being deliberated. Our target in the House is to complete the discussion during this session,” said Eric Hermawan in a press conference following the Opening of the 2026 Crypto Literacy Month in Jakarta on Tuesday.

He explained that the main points in the revision discussion include consumer and investor protection as well as the regulation of crypto exchanges.

“We also hope that crypto investment becomes an alternative for young people to invest,” Eric Hermawan added.

On the same occasion, the Executive Head of the Financial Sector Technology Innovation Supervision, Digital Financial Assets, and Crypto Assets of the Financial Services Authority (OJK), Adi Budiarso, said that the government and the House of Representatives are working progressively to build a solid national financial system regulation.

He noted that the law revision is intended, among other things, to enhance consumer protection, eradicate illegal financial activities, and ensure compliance with Financial Action Task Force (FATF) regulations.

“That’s why the House leadership has requested input from us to refine the regulatory framework that we can improve,” Adi Budiarso stated.

Previously, the Chairman of Commission XI of the House of Representatives, Mukhamad Misbakhun, stated that the revision of the P2SK Law is an initiative of the House as a follow-up to a material examination (judicial review) of Law Number 4 of 2023 on the P2SK. Nevertheless, the List of Problem Inventory (DIM) in this discussion still originates from the government.

The key issues focused on in the P2SK Law revision discussion include the regulation of digital assets, crypto exchanges, and strengthening the capital market.

Additionally, one of the matters subject to judicial review is the mechanism for preparing the budget at the Deposit Insurance Corporation (LPS).