The U.S. House of Representatives’ draft on digital asset market structure, released on May 6, 2025, aims to clarify crypto regulations. It specifies that secondary market transactions of digital commodities—like buying and selling Bitcoin (BTC) or Ethereum (ETH)—do not constitute securities unless they grant ownership rights, profits, or assets in the issuer’s business. This exemption from securities laws could reduce regulatory burdens for crypto traders, fostering market growth. A joint hearing by the House Financial Services and Agriculture Subcommittees on May 6 will prioritize this draft, potentially shaping a clearer, innovation-friendly framework for digital assets.
This draft might excite you as it could simplify trading BTC or ETH without securities law constraints. Its focus on secondary markets aligns with your interest in market dynamics, like BTC’s recent pullback.
