In Washington, they finally understood that crypto is not just a joke from Elon Musk but a very real beast. A beast they really want to cage, but first, they are trying to understand: does it have paws from the SEC or claws from the CFTC? After all, the new bill called 'US House Crypto Market Structure Draft' (sounds like a bureaucratic rock band from college) threatens to flip the crypto landscape of the U.S. upside down onto the blockchain.
The new bill is an attempt to officially split crypto assets between the two main American bureaucratic monsters for the first time:
• SEC (Securities and Exchange Commission) wants every token to behave like a compliant Coca-Cola stock.
• CFTC (Commodity Futures Trading Commission) is ready to embrace Bitcoin like digital corn.
Central question:
What is a token — a security or a commodity?
The answer: it depends on whether it is decentralized.
So what is decentralization? Ha! If 10% of the tokens belong to one fat whale — sorry, friend, you’re going under the SEC. If it’s some DAO voting on Tuesdays — go to the CFTC.
Numbers that will make you say 'lol'
• The bill proposes that crypto companies can choose whom to register with: SEC or CFTC.
It’s like if banks could choose whether to pay taxes to the IRS or just shake hands with the sheriff.
• Requirements for investor status are being removed. So now you don’t have to be a billionaire to buy yourself a token called 'AIFlokiMetaMoonChain' — you just need to be alive and have a smartphone.
• Decentralization by the formula: if you don’t control more than 10% and your project isn’t run from the basement of one person in Miami — welcome to the free crypto world.
Analysis
Imagine that tomorrow your favorite token Solana suddenly becomes a 'commodity.' That means it’s no longer shaken by the SEC, and it can be traded freely, like oil.
But if someone on Reddit uncovers that the developers hold 15% — bam! It’s 'a security' again, and everything goes to court.
What is this, if not schizophrenia in legislation?
You either regulate crypto or let it breathe. And here — it’s a hybrid between Tesla and a tractor.
What if… this is really a chance?
Right now, the U.S. stands at a crossroads: either it becomes a crypto-magnet, attracting Web3 innovations, or it completely drives everything alive toward Dubai, Singapore, and El Salvador (where the president makes Bitcoin his state religion).
The bill is not the end of the game, it’s the beginning. It’s like the first rules of football when they didn’t yet know if you could touch the ball with your hands.
Conclusion: Who benefits from this?
Is this beneficial for the SEC? No. They are losing control.
Is this beneficial for the CFTC? A little.
Is this beneficial for people? Yes! It’s a step toward recognizing that crypto is not a temporary hype but a new financial reality.