I've always been for a boxing "league" I just wished someone had gotten it done without the government stepping in. Let's say it was something we all could live with now. The next time a fighter dies or gets horribly injured then the sabers would rattle for more regulation. The government is like an invited guest who not only won't leave, but starts telling you how to run your home.
I'm thinking the USBC is just a commission now, but it could easily be expanded to become a sanctioning body. If the right people were involved, which would never happen, it could be a good thing if fees were eliminated and a clear and legitimate ranking system were established. It could take the place of a lineal championship, but that won't happen. Boxing is as corrupt as it is because it can be and just wait until you see how this thing to boxers' benefit is corrupted.
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