#USHouseMarketStructureDraft US Digital Asset Market Structure Draft – Summary

📌 What is it?

A new draft bill from U.S. House Republicans that aims to create a clear regulatory framework for the crypto and digital asset market.

🔑 Key Points

Regulatory Division

SEC: Oversees centralized digital assets (considered securities).

CFTC: Oversees decentralized digital assets and commodity spot markets.

Decentralization Criteria

No single party can hold more than 10% of the token supply.

The network must be open-source, fully developed, and not centrally controlled.

Investor Access & Transparency

Removes wealth/income restrictions for retail investors.

Developers holding over 1% of tokens must disclose their holdings.

Stablecoin Classification

Stablecoins are not treated as securities, but a separate stablecoin bill is being developed.

🗳️ Political Concerns

Some Democrats, including Rep. Maxine Waters, oppose parts of the draft—especially concerns about political figures (e.g., Trump) profiting from crypto.

📅 Next Step:

A joint committee hearing is scheduled for May 7, 2025, to discuss and refine the bill further.