#USHouseMarketStructureDraft

The law on the structure of the cryptocurrency market in the USA was revealed by lawmakers in the House.

As a successor to the so-called FIT21 law from the last session, the committee chairs in the House published a discussion draft of the market structure law.

The big show of cryptocurrencies in the American Congress was unveiled in the form of a discussion draft of legislation that would introduce a comprehensive national regime for regulating digital assets for the first time.

The House Financial Committee and the House Agriculture Committee – both sharing responsibility for jurisdiction over moving assets – released a working draft of the law on Monday, which, according to Representative French Hill, chairman of the financial committee, could bring "necessary regulatory clarity."

"Today represents the first step towards progress in a comprehensive framework that protects consumers, fosters innovation, and closes regulatory gaps in oversight," said Representative Glenn "GT" Thompson, chairman of the agricultural committee, which oversees the Commodity Futures Trading Commission, likely to play an important role in overseeing cryptocurrencies. "This will provide digital asset developers and users with the certainty they need and have asked for."