#USHouseMarketStructureDraft

The US House of Representatives has released a discussion draft for a digital asset market structure bill, aiming to establish a regulatory framework for cryptocurrencies. Heres what you need to know

Decentralizatst: A clear test to determine if a digital asset is decentralized, with no single party controlling more than 10% of the token supply.

Regulatory Roles: The Securities and Exchange Commission (SEC) will oversee digital assets considered investment contracts, while the Commodity Futures Trading Commission (CFTC) will regulate digital commodities and spot markets.

Investor Access: The bill removes wealth and income restrictions for retail investors, allowing broader participation in digital asset markets.

Disclosure Requirements: Digital asset developers must disclose information about their projects, and affiliated persons owning more than 1% of a digital commodity must be disclosed while the network remains centralized.