#USHouseMarketStructureDraft

The latest developments in the U.S. House Market Structure Draft, focusing on digital asset regulation, have gained momentum in early May 2025. A revised discussion draft of the crypto market structure bill, an evolution of the Financial Innovation and Technology for the 21st Century Act (FIT21), was released by the House Financial Services Committee and House Agriculture Committee on May 5, 2025. This draft aims to provide a regulatory framework for digital assets, addressing how they transition from securities to commodities, a key issue for the crypto industry.

The updated draft tightens rules on affiliate sales and replaces the SEC’s decentralization certification with a “mature blockchain” concept, signaling a more nuanced approach to regulation. It reflects input from industry stakeholders, the SEC, and the CFTC, gathered during the Easter break, indicating bipartisan efforts to refine the legislation. A joint hearing between the House Financial Services and Agriculture Committees is scheduled for May 6, 2025, to discuss the draft, marking a significant step toward potential legislation.

Sentiment on X suggests optimism, with posts describing the draft as “bullish” for the crypto sector, crediting figures like Rep. French Hill for advancing the bill. While the draft remains a discussion document open for review, its release underscores growing Congressional focus on balancing innovation with investor protections, potentially shaping the U.S. crypto market’s future. #Write2Earn #USHouseMarketStructureDraft