#USHouseMarketStructureDraft On May 5, 2025, U.S. House Republicans unveiled a discussion draft of the Digital Asset Market Structure bill, aiming to establish a comprehensive regulatory framework for cryptocurrencies. Co-authored by Representatives French Hill, G.T. Thompson, Bryan Steil, and Dusty Johnson, the draft seeks to delineate oversight responsibilities between the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC). Under the proposal, digital assets deemed sufficiently decentralized would fall under CFTC jurisdiction, while those remaining centralized would be regulated by the SEC. The bill also introduces clear definitions for "mature" blockchain systems and decentralization thresholds, and removes wealth restrictions for retail investors, promoting broader market participation. A joint hearing by the House Financial Services and Agriculture Committees is scheduled for May 7 to discuss the draft further.