#USHouseMarketStructureDraft The U.S. House of Representatives has unveiled a new draft bill aimed at establishing a comprehensive regulatory framework for digital assets. This proposed legislation seeks to clarify the roles of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in overseeing various types of digital assets.

Key Provisions of the Draft Bill:

Regulatory Clarity: The bill delineates the jurisdiction between the SEC and CFTC, specifying which digital assets fall under each agency's oversight.

Decentralization Criteria: It introduces criteria to assess the decentralization of blockchain networks, which will influence their regulatory classification.

Disclosure Requirements: The draft mandates that individuals holding more than 1% of a digital asset's total supply disclose their holdings, aiming to increase transparency and reduce potential market manipulation.

Political Landscape:

The bill has sparked debate among lawmakers. Representative Maxine Waters, a leading Democrat on the House Financial Services Committee, has expressed concerns over the bill's implications and has indicated plans to block a joint hearing on the matter.

Next Steps:

A joint hearing by the House Financial Services Subcommittee on Digital Assets and the House Agriculture Subcommittee on Commodity Markets is scheduled to discuss the draft bill further.

For more detailed information, you can refer to the full text of the discussion draft here.

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