#USHouseMarketStructureDraft

On May 5, 2025, U.S. House Republicans unveiled a draft of the Digital Asset Market Structure Act, aiming to establish a comprehensive regulatory framework for digital assets. This initiative, building upon the previous FIT21 bill, seeks to clarify the roles of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in overseeing digital assets.

In the financial markets, the announcement of the draft led to a positive reaction among cryptocurrencies. Bitcoin's price rose by 3.2% to $64,500, and Ethereum increased by 2.8% to $3,187, reflecting investor optimism about potential regulatory clarity.

The bill is currently in the discussion phase, with further debates and revisions anticipated as it progresses through the legislative process.