#USHouseMarketStructureDraft The U.S. House of Representatives has introduced a new draft bill aimed at establishing a comprehensive regulatory framework for digital assets. This initiative builds upon the previous Financial Innovation and Technology for the 21st Century Act (FIT21), seeking to delineate oversight responsibilities between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) .

Key Provisions of the Draft Bill:

Regulatory Clarity: The bill proposes clear definitions to distinguish between digital assets classified as securities and those deemed commodities. This aims to resolve longstanding ambiguities that have challenged the crypto industry since the surge of token offerings in 2017 .

Joint Rulemaking: It mandates the SEC and CFTC to collaboratively establish rules defining digital commodities, ensuring a unified regulatory approach .

Exclusion from Securities Classification: The draft outlines that transactions involving digital commodities will not be considered investment contracts, provided purchasers do not have ownership interests or claims on revenues, profits, or assets .

Disclosure Requirements: