#USHouseMarketStructureDraft

The U.S. House of Representatives has unveiled a new draft of the Digital Asset Market Structure bill, aiming to provide clear regulatory guidelines for cryptocurrencies. This proposal seeks to delineate the responsibilities of the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in overseeing digital assets, potentially reducing regulatory ambiguity that has long challenged the crypto industry .

A significant aspect of the draft is its approach to decentralization. If a blockchain network is deemed sufficiently decentralized—specifically, if no single entity holds more than 10% of the token supply—the associated digital asset may be classified as a commodity under the CFTC's jurisdiction, rather than a security under the SEC . This distinction could have profound implications for how various cryptocurrencies are regulated and traded in the U.S.

Additionally, the draft introduces measures to enhance transparency within the crypto space. For instance, it proposes that members of crypto projects disclose token holdings exceeding 1% of the total supply, aiming to curb undue influence by major stakeholders . The bill also seeks to democratize access to digital asset markets by removing wealth-based investment restrictions, potentially allowing a broader range of retail investors to participate .

However, the draft faces political hurdles. Representative Maxine Waters has expressed intentions to block a joint hearing on the bill, citing concerns over President Donald Trump's increasing involvement in the crypto sector . This opposition underscores the ongoing debates and divisions within Congress regarding the future of cryptocurrency regulation.

For the crypto community, the proposed legislation represents a potential shift toward regulatory clarity, which could foster innovation and growth. As the bill progresses through the legislative process, stakeholders will be closely monitoring developments

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