#美国众议院市场结构讨论草案
The latest discussion draft on market structure released by the U.S. House of Representatives provides a clearer definition of the regulatory attributes of digital assets. According to the draft, under specific conditions, 'Digital Goods' will not be considered securities. This move is widely seen as an important step towards clarity and rationalization in the U.S. crypto regulatory framework.
From an industry perspective, this draft is expected to alleviate the compliance anxiety that has long plagued project teams and trading platforms. Once it is clear which tokens do not fall under the category of securities, project teams will be able to circulate their tokens more confidently in the secondary market, enhancing market liquidity and helping investors trade in a more transparent and stable environment.
Moreover, if this legislation is ultimately enacted, it could also provide a legislative reference for jurisdictions outside the U.S., promoting coordination and unification of crypto regulation globally. For projects that have long suffered from the 'security or commodity' debate (such as XRP), this may mean an opportunity to extricate themselves from the regulatory quagmire and regain market confidence.
However, the draft is still in the discussion stage, and it remains to be seen whether it will be passed, the details of its implementation, and the enforcement strength. But it is certain that a clear and rational regulatory framework is the key balance point to promote innovation and protect investors.
Do you think this will encourage more projects to 'rebrand'? Will it reshape the competitiveness of the U.S. crypto industry? Feel free to leave comments for discussion!
