#USHouseMarketStructureDraft The "US House Market Structure Draft" primarily refers to a discussion draft of legislation aimed at establishing a regulatory framework for digital assets in the United States. This draft was jointly released by the House Financial Services Committee and the House Agriculture Committee on Monday, May 5, 2025.

Here's a breakdown of what this draft entails, based on the provided search results:

Key Objectives and Provisions of the Digital Asset Market Structure Regulatory Draft:

* Clear Regulatory Framework for Cryptocurrencies: The primary goal is to create a clear set of rules for the cryptocurrency market.

* Consumer Protection: A significant focus is on safeguarding individuals who invest in or use digital assets.

* Promoting Innovation: The draft aims to foster innovation within the digital asset space while providing regulatory certainty.

* Strengthening US Leadership: The initiative intends to position the United States as a leader in the digital asset ecosystem.

* Delineating Roles of SEC and CFTC: The draft seeks to clarify which regulatory body, the Securities and Exchange Commission (SEC) or the Commodity Futures Trading Commission (CFTC), has authority over different types of digital assets.

* Defining "Digital Commodities": The draft clarifies that under certain conditions, "digital commodities" will not be classified as securities. This is particularly the case when transactions in the secondary market do not grant purchasers ownership interest in the issuer's business, profits, or assets.

* Stablecoin Regulation: The bill defines stablecoins without categorizing them as securities, offering much-needed clarity for these assets.

* Custody, Capital, Disclosures, and Governance: Entities dealing with digital assets would be subject to rules concerning custody of assets, capital requirements, disclosure obligations, and governance standards.

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