#USHouseMarketStructureDraft On May 5, 2025, key Republican leaders in the U.S. House introduced a new draft of digital asset market structure legislation. This proposal aims to clarify which digital assets fall under securities laws, addressing long-standing regulatory conflicts since the 2017 token boom. The draft outlines a process for issuing and trading digital assets without classifying them as securities under the 1933 Securities Act, while ensuring that assets functioning like swaps, futures, or derivatives comply with existing regulations. Additionally, it provides a mechanism to determine the legal status of pre-existing blockchain networks. The comprehensive proposal is expected to undergo significant debate and revision as lawmakers consider its implications.