#USHouseMarketStructureDraft The US Congress wants to organize the crypto house

Hey everyone! Let's chat about what's happening in the crypto world. The US House of Representatives has introduced a new bill to establish a regulatory framework for digital assets. This bill aims to clearly define which digital assets are considered securities and which are commodities, seeking to resolve the regulatory confusion that has existed since 2017.

The bill proposes that decentralized digital assets be regulated by the Commodity Futures Trading Commission (CFTC), while centralized assets would fall under the jurisdiction of the Securities and Exchange Commission (SEC). Additionally, it establishes a process for existing blockchain networks to be evaluated for their decentralization.

However, the bill faces resistance. Democrats have expressed concerns about potential conflicts of interest related to former President Trump's crypto initiatives, including the promotion of his own stablecoin. These tensions led to the cancellation of a bipartisan hearing on the subject.

Meanwhile, the crypto market is watching closely. Regulatory clarity could boost innovation and attract investments, but the legislative process is still underway. Let's keep a close eye on the next chapters of this regulatory saga.