#USHouseMarketStructureDraft

U.S. House Unveils Comprehensive Crypto Market Structure Draft

On May 5, 2025, the U.S. House Financial Services and Agriculture Committees released a 212-page discussion draft aimed at establishing a clear regulatory framework for digital assets . Key highlights include:

Regulatory Clarity: The draft delineates responsibilities between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), providing much-needed clarity for digital asset oversight .

Decentralization Criteria: Projects must demonstrate a lack of centralized control, with no single entity holding more than 10% of token supply, to be considered decentralized .

Investor Access: The proposal removes wealth and income restrictions, allowing broader retail investor participation in digital asset markets .

Consumer Protections: Enhanced disclosure requirements and consumer safeguards are introduced to protect participants in the digital asset ecosystem .

A joint hearing titled “American Innovation and the Future of Digital Assets: A Blueprint for the 21st Century” is scheduled for May 6, 2025, to discuss the draft further