#USHouseMarketStructureDraft

On May 5, 2025, the U.S. House of Representatives issued a new legislative draft titled "Digital Asset Market Structure Bill," aimed at a comprehensive regulation of the cryptocurrency market in the United States. The bill aims to define digital assets that are considered securities and those classified as digital commodities, clarifying the jurisdictions between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).

Digital assets are classified as commodities if they are managed through decentralized blockchain networks, placing them under the oversight of the CFTC. Centralized assets remain under the supervision of the SEC. The bill relies on criteria such as no single entity owning more than 20% of the total tokens to determine decentralization.

The bill also requires digital asset developers to disclose holdings that exceed 1% of the total supply, and grants individual investors access to markets without restrictions based on wealth or income. The bill is expected to undergo extensive discussions and amendments before its final approval.