#USHouseMarketStructureDraft The US House of Representatives is making progress on a bill to establish a regulatory framework for digital assets. Here's what's happening ¹ ²:

- *Digital Asset Market Structure Discussion Draft*: A discussion draft has been released by Chairmen Dusty Johnson, G.T. Thompson, French Hill, and Bryan Steil, outlining a proposed regulatory framework for digital assets in the United States.

- *Key Provisions*:

- *Regulatory Clarity*: The draft aims to provide clarity on the regulatory gap between the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC).

- *Consumer Protection*: The bill includes provisions for consumer protection, such as anti-fraud protections and disclosure requirements.

- *Digital Asset Classification*: The draft proposes a new classification system for digital assets, including "digital commodities" and "restricted digital assets".

- *Progress and Next Steps*:

- *House Vote*: The Financial Innovation and Technology for the 21st Century (FIT 21) Act is expected to receive a vote on the House floor.

- *Senate and Presidential Hurdles*: The bill still faces an uphill battle in the Senate and potential presidential veto.

The proposed framework aims to foster innovation while protecting consumers and promoting American leadership in digital assets. The bill's progress marks an important step toward establishing a comprehensive regulatory framework for digital asset markets in the United States ³.$BTC