#USHouseMarketStructureDraft The US House of Representatives has released a draft bill for digital asset market structure, aiming to establish a regulatory framework for cryptocurrencies. Here's what you need to know:
*Key Provisions:*
- *SEC and CFTC Roles*: The Securities and Exchange Commission (SEC) will oversee digital assets considered investment contracts, while the Commodity Futures Trading Commission (CFTC) will regulate digital commodities and their spot markets.
- *Decentralization Test*: A project is considered decentralized if no single party has unilateral control, and if any party holds more than 10% of the token supply, they must disclose.