#DigitalAssetBill

Organizing Digital Assets: Digital Asset Market Structure Bill and the Future of Crypto in the United States

In recent years, the rapid growth of the digital asset industry such as cryptocurrencies and non-fungible tokens (NFTs) has prompted various countries, including the United States, to formulate a clear legal framework. One of the emerging legislative responses is the Digital Asset Market Structure Bill, a draft law aimed at reorganizing the structure of the digital asset market in the U.S.

This bill proposes a more structured division of jurisdiction between two main agencies: the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Digital assets that have the characteristics of securities will be overseen by the SEC, while assets classified as digital commodities, such as Bitcoin, will be overseen by the CFTC. This aims to avoid regulatory overlap and provide legal certainty for industry participants.

Additionally, this bill encourages the establishment of a registration system for exchanges and digital asset service providers, tightening standards for transparency, risk management, and consumer protection. In the long term, this policy is expected to promote financial innovation without compromising investor security and the stability of the financial system.

However, the debate is still ongoing in Congress. On one hand, supporters of the bill see it as a step forward to make the U.S. a leader in blockchain technology. On the other hand, criticism has arisen regarding the potential easing of oversight for some high-risk asset types.

Overall, the Digital Asset Market Structure Bill is an important milestone in the regulation of digital assets in America. It reflects the urgent need to align the legal framework with technological dynamics, while also opening the space for global discussions on how the future of digital finance should be regulated.