#USHouseMarketStructureDraft

On May 5, 2025, Republican leaders from the U.S. House Financial Services and Agriculture Committees—Representatives French Hill, GT Thompson, Bryan Steil, and Dusty Johnson—introduced a discussion draft of the Digital Asset Market Structure Act of 2025. This proposed legislation aims to establish a comprehensive regulatory framework for digital assets, addressing longstanding ambiguities in the crypto industry.

The introduction of the draft has sparked political debate. Representative Maxine Waters, the leading Democrat on the House Financial Services Committee, has expressed concerns regarding the bill, particularly in light of former President Donald Trump's increasing involvement in crypto ventures. She has indicated plans to block a joint hearing on the bill and has called for separate hearings to investigate these ties.

The draft is currently open for public comment and is expected to undergo revisions based on feedback from stakeholders. Lawmakers aim to refine the bill to balance innovation in the digital asset space with robust consumer protections.