#USHouseMarketStructureDraft The US House of Representatives has made significant progress on the Financial Innovation and Technology for the 21st Century Act (FIT21), a bill aimed at establishing a regulatory framework for digital assets. Here's an update on the draft:

*Key Provisions:*

- *Digital Asset Categories*: FIT21 creates three categories of digital assets:

- *Restricted Digital Assets*: subject to SEC jurisdiction, typically those that are not decentralized or are part of an investment contract.

- *Digital Commodities*: subject to CFTC jurisdiction, typically those that are decentralized and functional.

- *Permitted Payment Stablecoins*: subject to federal or state regulation, used for payment or settlement purposes.

- *Regulatory Responsibilities*: The bill clarifies the roles of the SEC