#USHouseMarketStructureDraft

The US House of Representatives has released a draft bill for digital asset market structure, aiming to establish a regulatory framework for cryptocurrencies. The bill proposes a clear separation of authority between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), with the CFTC overseeing digital commodities and spot markets. The draft also defines decentralization tests and outlines disclosure requirements for digital asset developers. This move seeks to provide regulatory clarity, protect consumers, and foster innovation. A joint hearing was held to discuss the draft, but partisan disagreements have created uncertainty around its progress ¹ ².