#USHouseMarketStructureDraft

/imagine The #USHouseMarketStructureDraft refers to a discussion draft of a bill aimed at establishing a regulatory framework for digital assets in the United States. Introduced by Chairmen French Hill, G.T. Thompson, Bryan Steil, and Dusty Johnson, this draft proposes significant changes to the digital asset market structure.

*Key Provisions:*

- *Lowering the Threshold for Affiliated Persons*: The draft lowers the threshold for defining "affiliated persons" from 5% to 1%, aiming to reduce market concentration and promote broader participation.

- *Clarifying Jurisdiction*: The bill clarifies the jurisdictional divide between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), providing regulatory clarity for digital asset markets.

- *Consumer Protection*: The draft prioritizes consumer protection, fostering innovation while preventing market manipulation and ensuring fairness in digital commodity transactions.

- *Decentralized Systems*: The bill emphasizes decentralized systems, defining them as blockchain systems not subject to significant influence by digital asset issuers.

- *Airdrops*: The draft permits airdrops under specific conditions, promoting equitable token distributions.

*Goals and Implications:*

- *Regulatory Clarity*: The bill aims to provide clear guidelines for digital asset developers and users, promoting innovation and investment.

- *Market Stability*: By establishing a comprehensive regulatory framework, the bill seeks to ensure trust and stability in the digital asset market.

- *Global Precedent*: This legislation could set a precedent for global regulatory standards, influencing the future of digital assets worldwide.