#USHouseMarketStructureDraft On May 5, 2025, U.S. House lawmakers introduced a draft bill aimed at establishing a comprehensive regulatory framework for digital assets. The proposed legislation delineates the responsibilities of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), clarifying oversight roles in the crypto market. Notably, the draft specifies that digital commodity transactions not granting ownership or profit rights are excluded from securities laws, potentially reducing regulatory burdens for certain cryptocurrencies. This initiative seeks to enhance consumer protection, foster innovation, and solidify the United States' leadership in the global digital asset arena.