#USHouseMarketStructureDraft Key Provisions of the Draft Bill

Jurisdictional Clarity: The bill seeks to delineate the roles of the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in overseeing digital assets. It proposes that digital assets meeting certain decentralization criteria be regulated by the CFTC, while those that do not would fall under the SEC's purview.

Decentralization Criteria: To determine regulatory oversight, the bill introduces tests to assess the decentralization of blockchain networks. This approach aims to establish clear guidelines for classifying digital assets as either commodities or securities.

Amendments to Existing Laws: The draft includes amendments to the Securities Investor Protection Act of 1970, redefining "investment contracts" to exclude certain digital commodities from being classified as securities.

Transparency Measures: To curb the influence of major stakeholders, the bill mandates that crypto project members disclose holdings exceeding 1% of a token's total supply.