#USHouseMarketStructureDraft Summary of the US House Market Structure Draft:

It seems that the recently released draft of the US House Market Structure aims to create a regulatory framework for digital assets in the United States. It seeks to provide the long-awaited regulatory clarity in digital asset markets, protect consumers, promote innovation, and close regulatory gaps in oversight.

The draft aims to strike a balance between consumer protection and encouraging responsible innovation in this field. It also aims to provide developers and users of digital assets the certainty they need.

One important aspect of the draft is that it may end the oversight of the Securities and Exchange Commission (SEC) over major cryptocurrencies.

The Chair of the House Agriculture Committee stated that this step represents the first move towards advancing a comprehensive framework that protects consumers, promotes innovation, and closes regulatory gaps. The Chair of the Financial Services Committee added that the draft builds on the progress made in the previous Congress to create a bipartisan consensus for establishing an effective regulatory framework for digital assets.#$BTC

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