#USHouseMarketStructureDraft The US House market structure draft appears to be a proposed bill that aims to establish a regulatory framework for digital assets in the US, clarifying the roles of the SEC and CFTC, and providing guidelines for digital commodity transactions, retail investor access, and decentralization tests.

**Overview of the Draft**

- The draft is a comprehensive proposal aimed at regulating digital assets in the U.S.

- It seeks to provide clarity on the jurisdictional boundaries between the SEC and CFTC.

**Key Features of the Draft**

- **Regulatory Clarity**:

- Establishes clear lines between the SEC's oversight of securities and the CFTC's regulation of digital commodities.

- Aims to address existing regulatory gaps and protect consumers.

- **Decentralization and Network Maturity**:

- Introduces definitions for decentralization, requiring projects to demonstrate that they are not under unilateral control.

- A blockchain is considered "mature" if it is fully developed, open, and follows transparent rules.

- **Investor Access**:

- Removes wealth and income restrictions for retail investors, allowing broader participation in digital asset markets.

- Eliminates accredited investor checks, which were seen as barriers to entry.

**Hearing and Legislative Process**

- A joint hearing is scheduled to discuss the draft, highlighting its significance in shaping the future of digital asset regulation.

- The draft builds on previous legislative efforts, such as the FIT21 bill, and reflects ongoing discussions in Congress regarding stablecoin regulation.

**Challenges and Considerations**

- The draft faces potential challenges in the Senate, particularly regarding stablecoin definitions and regulatory frameworks.

- Concerns have been raised about the implications of the proposed regulations on innovation and market dynamics.