#USHouseMarketStructureDraft

# US House Market Structure Draft

The House Market Structure Draft legislation represents a pivotal attempt to modernize US cryptocurrency regulation through a comprehensive framework. The bill establishes clear jurisdictional boundaries between the SEC and CFTC, with the latter gaining primary oversight of spot markets for non-security digital assets. Key provisions include standardized listing requirements for exchanges, explicit guidelines for asset classification, and mechanisms for projects to transition from securities to commodities as decentralization increases. Consumer protections mandate enhanced disclosure requirements and reserve audits for stablecoin issuers. The draft creates regulatory sandboxes allowing controlled innovation while promoting global regulatory coordination. Industry response has been generally positive, particularly regarding the proposed safe harbor period for developing projects. If enacted, implementation would follow a phased approach over 18-24 months, potentially resolving the regulatory uncertainty that has hindered US crypto market development.