ChatGPT said:
The #USHouseMarketStructureDraft project marks a major milestone in the United States' attempt to regulate the crypto-asset market. Adopted by the House with bipartisan support, this text aims to clarify the respective roles of the SEC and the CFTC in overseeing digital assets. The CFTC would be tasked with regulating "digital commodities" like bitcoin, while the SEC would oversee digital securities. This project also introduces a process to assess the decentralization of blockchain networks. Despite its adoption in the House, the proposal faces numerous criticisms, particularly from SEC Chairman Gary Gensler, who fears a reduction in investor protections. Some experts also question the CFTC's ability to handle this new responsibility. Although Senate adoption seems unlikely this year, the #USHouseMarketStructureDraft could serve as a basis for more coherent future regulation of the crypto sector.