#USHouseMarketStructureDraft #USHouseMarketStructure**🚀 #USHouseMarketStructure Draft: Key Takeaways from the Landmark Crypto Regulatory Proposal**
The U.S. House of Representatives has released a **discussion draft** for the *Digital Asset Market Structure Bill*, aiming to reshape crypto regulation and solidify America’s leadership in the digital economy. Here’s what you need to know:
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### **1. SEC vs. CFTC: A Clear Regulatory Split**
- **SEC Oversight**: The Securities and Exchange Commission (SEC) will regulate digital assets deemed securities, focusing on centralized projects where any single entity controls >10% of tokens .
- **CFTC Authority**: The Commodity Futures Trading Commission (CFTC) will oversee digital commodities and spot markets, including decentralized networks that pass a "maturity" test (e.g., open-source, non-centrally controlled) .
- **Decentralization Pathway**: Projects can transition from SEC to CFTC jurisdiction by proving decentralization over time, reducing regulatory uncertainty for developers .
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### **2. Opening Access for Retail Investors**
- **No Wealth Checks**: The draft removes accredited investor requirements, allowing all retail participants to trade digital assets .
- **Self-Custody Rights**: Users gain explicit rights to hold crypto in personal wallets, a win for decentralization advocates .