#USHouseMarketStructureDraft

The U.S. House of Representatives has recently released a draft proposal for a digital asset market structure. This draft, spearheaded by key House committees, aims to establish a clear regulatory framework for cryptocurrencies. The goal is to protect consumers, encourage innovation, and solidify the United States' leading position in the digital asset space.

The draft seeks to clarify the roles of the SEC and CFTC by categorizing digital assets based on their characteristics. Assets resembling securities would fall under SEC jurisdiction, while commodities, like decentralized tokens, would be overseen by the CFTC. It also introduces a decentralization test to determine the appropriate regulatory body and proposes enhanced transparency and disclosure requirements for crypto projects. This initiative builds upon previous legislative efforts and aims to provide much-needed clarity to the digital asset ecosystem.