#USHouseMarketStructureDraft

In May 2025, the United States House of Representatives introduced a new legislative draft aimed at establishing a comprehensive framework for the regulation of digital assets, with the goal of clarifying whether they should be considered securities or commodities and assigning clear competencies between the SEC (Securities and Exchange Commission) and the CFTC (Commodity Futures Trading Commission). The proposal also seeks to eliminate investment barriers for retail investors and allow dual registration of brokers and exchanges with both agencies. However, the debate has been hindered by political tensions, particularly due to the controversy surrounding the alleged ties of former President Donald Trump and his family to cryptocurrency projects. In response, Senate Democrats introduced the “End Crypto Corruption Act,” which seeks to prohibit public officials and their families from investing in or promoting digital assets. Representative Maxine Waters even blocked a key hearing on the draft. These dynamics have complicated the legislative discussion and reflect how cryptocurrency regulation has become an increasingly politicized issue in the United States.