The release of the U.S. House draft bill on digital asset market structure has sparked active discussion across the crypto industry. This proposal represents a significant step toward creating a clearer regulatory framework by delineating oversight responsibilities between the SEC and the CFTC, and establishing guidelines for crypto platform registration.
At its core, the draft aims to bring greater predictability and transparency for projects, investors, and infrastructure providers. It outlines provisions related to decentralized protocols, commodity-like tokens, and consumer protections—key areas that have long been in regulatory limbo.
For the industry, this could be the long-awaited move toward legal clarity. Still, questions remain: How flexible will the final version be? Which tokens will fall under the SEC’s authority, and which under the CFTC’s? And most importantly, will the new framework support innovation while ensuring fair access to liquidity?
The bill is far from finalized, but it signals a serious commitment from U.S. lawmakers to build a comprehensive regulatory foundation for digital assets. The next phase—hearings and revisions—will be crucial in shaping the future of crypto markets within one of the world’s largest economies.