#USHouseMarketStructureDraft 🚨 U.S. House Unveils New Crypto Market Structure Bill 

On May 5, 2025, key Republican leaders from the House Financial Services and Agriculture Committees introduced a new draft of digital asset market structure legislation. This proposed framework aims to clarify the regulatory landscape for digital assets, addressing long-standing ambiguities between securities and commodities classifications. 

Key Highlights:

• Regulatory Clarity: The bill delineates which digital assets fall under securities laws and which are considered commodities, providing a clear path for issuing and trading digital assets without them being automatically classified as securities. 

• Decentralization Criteria: It introduces criteria to determine the decentralization of blockchain networks, impacting how existing and future digital assets are regulated. 

• Oversight Shift: The legislation proposes shifting the oversight of many digital assets from the Securities and Exchange Commission (SEC) to the Commodity Futures Trading Commission (CFTC), aiming to better align regulatory oversight with the nature of digital assets. 

• Transparency Measures: To curb the influence of large crypto firms, the draft includes provisions requiring project members to disclose holdings exceeding 1% of a token’s total supply. 

Political Dynamics:

The bill’s progress faces challenges due to political tensions. Representative Maxine Waters, a leading Democrat on the House Financial Services Committee, has expressed concerns over President Donald Trump’s increasing ties to the crypto industry. These concerns have led to plans for separate Democratic hearings to investigate the matter, potentially impacting the bill’s advancement.  

Looking Ahead:

As the legislative process unfolds, stakeholders in the crypto industry are closely monitoring the developments. The proposed bill represents a significant step toward establishing a comprehensive regulatory framework for digital assets in the United States.