$BTC

On May 5, 2025, the U.S. House Financial Services Committee and the Agriculture Committee jointly released a discussion draft of the "2025 Digital Asset Market Structure Act." This bill aims to establish a unified regulatory framework, clarify definitions of digital commodities, stablecoins, and more, and grant the CFTC and SEC delineated regulatory authority. The bill also stipulates that transactions involving the sale of digital commodities do not constitute securities if the purchaser does not obtain ownership rights to the issuer's business, profits, or assets.