#USHouseMarketStructureDraft

On May 5, 2025, U.S. House Republicans unveiled a new draft of the Digital Asset Market Structure bill, aiming to provide regulatory clarity for the cryptocurrency industry. This proposal builds upon the previous Financial Innovation and Technology for the 21st Century Act (FIT21) and seeks to delineate the roles of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in overseeing digital assets .

Key Provisions of the Draft Bill:

Regulatory Jurisdiction: The bill proposes that digital assets meeting certain decentralization criteria would fall under the CFTC's oversight, while those resembling traditional securities would remain under the SEC's jurisdiction .

Joint Rulemaking: It mandates the SEC and CFTC to collaboratively define "digital commodities" and establish joint rules, aiming to reduce regulatory overlap and provide