#USHouseMarketStructureDraft On May 5, 2025, U.S. House lawmakers released a draft bill outlining a new regulatory framework for digital assets. The proposed legislation aims to divide oversight responsibilities between the SEC and CFTC based on an asset’s level of decentralization. It also seeks to expand retail investor access by removing wealth restrictions and clarifies that certain secondary digital asset sales won’t be treated as securities transactions. While the bill promotes innovation and regulatory clarity, it faces political resistance, particularly from Democrats concerned about potential risks and former President Trump’s growing crypto involvement. The draft is open for public feedback and revisions.