Members of the U.S. House Financial Services Committee, along with the White House, are working on a crypto market structure bill, aiming to finalize it by August 2025 in Washington, D.C.
The proposed legislation seeks to clarify U.S. digital asset regulations, impacting trading and classification, while Congress faces divides over key provisions. Market reactions highlight varying industry perspectives.
U.S. House Sets 2025 Deadline for Crypto Bill
The U.S. House Financial Services Committee collaborates with the White House to finalize a crypto market structure bill. Discussions align with a deadline set for August 2025, driven by innovative protection goals.
Rep. Dusty Johnson and Bo Hines are pivotal in efforts. As Johnson stated, “We aim to clarify which crypto tokens fall under CFTC regulation rather than SEC regulation.” The bill introduces a unique test for classifying tokens, shifting potential regulatory oversight from the SEC to the CFTC.
Bill Could Shift Token Oversight to the CFTC
The impending bill could reshape how digital assets are classified, potentially narrowing the scope of SEC oversight. It aims to enhance market clarity while evoking divergent reactions within the industry.
Financial impacts include potential shifts in trading patterns as investors adapt to new regulations. Historically, clearer regulations drove increased investment, yet some stakeholders urge caution in swift legislative actions.
New Legislation Echoes Past Regulatory Attempts
Previous legislation, like the Financial Innovation and Technology Act, serves as a precursor. It highlighted the necessity for clearer decentralization definitions, echoing current bill discussions.
Expert insights suggest the bill’s decentralization criteria may redefine industry standards, potentially influencing token classifications significantly, similar to past regulatory changes. Commissioner Peirce’s statement on token safe harbor proposal also underscores the need for secure and clear pathways within crypto regulation.
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