#美国众议院市场结构讨论草案

Recently, the latest market structure discussion draft released by the U.S. House of Representatives has attracted widespread attention from the crypto industry. The draft clearly states that under specific conditions, 'digital goods' do not constitute securities. This move is seen as a significant response to the current regulatory uncertainty surrounding cryptocurrencies and may bring more legal clarity and compliance guidance to the industry.

This action has positive implications for liquidity in the secondary market. Many projects and trading platforms have refrained from promoting listings or trading activities in the past due to concerns about tokens being classified as securities. If this draft is ultimately enacted into law, it will remove barriers for more digital assets to be traded in a compliant environment, unleashing market vitality.

If other jurisdictions also enact similar regulations, more crypto tokens may be expected to escape the regulatory disputes surrounding their classification as securities. This would undoubtedly be a significant benefit for the entire Web3 and DeFi ecosystem. Especially for token projects based on utility design, they will be able to operate and develop more freely without the worry of intervention from regulatory agencies like the SEC.

Of course, this also depends on how 'specific conditions' and the nature of digital goods are defined. If regulatory standards are clear and transparent, it will help project parties balance compliance with investor protection. What do you think? Does this move signify a major shift in the U.S. regulatory approach to crypto? Feel free to leave a comment for discussion! #美国众议院市场结构讨论草案