#USHouseMarketStructureDraft

The U.S. House of Representatives has released a draft of a new market structure bill aimed at establishing a clearer regulatory framework for digital assets. This bipartisan effort between the House Financial Services Committee and the Agriculture Committee seeks to protect consumers, foster innovation, and solidify the U.S.'s leadership in the crypto space.

The draft proposes classifying more decentralized cryptocurrencies as commodities under the CFTC's purview, while the SEC would retain authority over assets more akin to securities. Key aspects include clearer definitions, disclosure requirements for developers, and consumer protection measures. A joint hearing is scheduled for today to discuss the draft, though some Democrats plan a counter-hearing. This draft marks a significant step in the ongoing debate over digital asset regulation in the U.S.