#USHouseMarketStructureDraft

A major stride toward U.S. crypto regulation just landed on Capitol Hill.

Key House Republicans have unveiled a comprehensive 212-page draft bill aimed at finally providing a structured, commonsense framework for digital assets in the United States — a move long-awaited by industry leaders, developers, and investors alike.

Why It Matters: This legislative draft isn't just another discussion point — it's a serious proposal designed to untangle the regulatory confusion that has plagued the U.S. crypto landscape for years. Here’s what’s in focus:

Clarity between the SEC and CFTC: The bill draws clearer boundaries on whether a token falls under securities (SEC) or commodities (CFTC) jurisdiction — potentially ending years of agency turf wars.

Decentralization Pathway: Projects can evolve out of securities oversight by meeting defined decentralization benchmarks, giving teams a roadmap for long-term compliance.

Stablecoin Differentiation: Payment stablecoins get their own legal category, acknowledging their unique role in digital finance.

Protections for Builders: Developers, validators, and protocol contributors would be shielded from liability simply for participating in decentralized systems.

Compliance for Exchanges: Centralized exchanges and trading platforms would fall under the Bank Secrecy Act, bringing AML/KYC practices in line with traditional financial institutions.

No Loopholes for Derivatives: Blockchain-based swaps and derivatives don’t get a free pass — regulatory parity with traditional instruments is preserved.

Why Now? The digital asset industry has outgrown the legal frameworks written decades ago. As Rep. Dusty Johnson put it, “America needs to lead in digital asset innovation — with clear, commonsense rules.”

With a joint committee hearing scheduled for tomorrow, all eyes are on whether this legislative momentum can translate into bipartisan action — or if crypto clarity remains stuck in the shadows of outdated policy.