#USHouseMarketStructureDraft Wawasan tentang US House Market Structure Draft (Digital Asset Market Structure Act of 2025)

Main Objectives of the Bill:

1. Division of Regulatory Authority:

SEC (Securities and Exchange Commission) oversees digital assets that are still considered securities, especially if the project is centralized.

CFTC (Commodity Futures Trading Commission) regulates digital assets that are decentralized and considered digital commodities.

2. Definition and Classification of Digital Assets:

Establish a new definition for "digital commodities," including tokens that:

Are created by blockchain systems,

Have value from the network,

Provide voting rights in governance,

Are used for transaction validation.

3. Access for Retail Investors:

Remove wealth and income limitations for retail investors, allowing more people to invest in digital assets.

4. Transparency and Disclosure:

Members of crypto projects must disclose token ownership if it exceeds 1% of the total supply to enhance transparency.

---

Potential Impact:

For Innovation:

Provide legal certainty for crypto projects and encourage the growth of the digital ecosystem in the US.

For Investors:

Stronger protection and more inclusive access for retail investors.

For Regulators:

Reduce overlapping authority between the SEC and CFTC, creating a more efficient oversight framework.

---

Controversy:

Some Democratic members of Congress oppose this bill, including Rep. Maxine Waters, citing conflicts of interest and political ties to the crypto industry.

---

Conclusion:

This bill represents a significant step toward clearer and more modern regulation of digital assets in the US. If passed, it could strengthen the US position in global financial innovation, although it still faces political challenges in Congress.