#USHouseMarketStructureDraft This week, a new bill titled 'Digital Asset Market Structure Discussion Draft' was introduced in the U.S. House of Representatives, aimed at creating a comprehensive regulatory framework for digital assets. This document is a continuation of the previous FIT21 initiative and is intended to eliminate legal uncertainty in cryptocurrency regulation.

🔍 Key provisions of the bill

• Division of powers between SEC and CFTC: A clear division of jurisdiction is proposed between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), which should resolve the conflict between these regulators that has existed since 2017.

• Definition of digital assets: The bill proposes criteria by which digital assets can be classified as commodities or securities, depending on the level of decentralization and functionality of the blockchain.

• Dual registration: The possibility for brokers and exchanges to register simultaneously with both SEC and CFTC through a streamlined notification registration process is provided.

• Exemptions for certain assets