#USHouseMarketStructureDraft The U.S. House of Representatives has introduced a comprehensive draft bill aimed at establishing a clear regulatory framework for digital assets. This initiative seeks to delineate the roles of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), providing clarity on which digital assets are classified as securities and which are commodities. The bill proposes a pathway for digital assets initially deemed securities to transition to commodity status, thereby potentially reducing regulatory burdens for certain crypto projects. Additionally, it introduces a mechanism to determine the legal status of blockchain networks launched before the bill's enactment .

The draft legislation has garnered support from some lawmakers who argue that it will foster innovation and prevent the offshoring of the U.S. crypto industry. However, it has also faced criticism from industry watchdogs and regulatory bodies. Critics contend that the bill may weaken investor protections and grant excessive authority to the CFTC, which has fewer resources compared to the SEC .

As the legislative process progresses, stakeholders from various sectors are closely monitoring developments to assess the potential implications of the proposed framework on the digital asset market.