#USHouseMarketStructureDraft The U.S. House of Representatives has released a draft of a market structure bill aimed at providing regulatory clarity for digital assets. A key provision clarifies that transactions involving the sale of digital commodities are not considered securities if the purchaser doesn't acquire ownership interest in the issuer.

The draft seeks to establish clear roles for the SEC and CFTC in overseeing the crypto market. It proposes a decentralization test where projects with a single party holding over 10% of tokens must disclose this while the network remains centralized.

Additionally, the draft includes measures intended to broaden retail investor access and exempt decentralized finance protocols meeting specific criteria from registration as digital commodity brokers or dealers.