🇺🇸 #USHouseMarketStructureDraft: A New Era for Crypto Regulation? 🏛️💻

The U.S. House has introduced a draft bill aiming to clarify the regulatory landscape for digital assets:

SEC vs. CFTC: Defines which digital assets fall under the Securities and Exchange Commission (SEC) and which under the Commodity Futures Trading Commission (CFTC).

Decentralization Criteria: Establishes tests to determine if a blockchain is decentralized, influencing its regulatory oversight.

Public Disclosures: Mandates transparency for crypto projects, requiring detailed public disclosures.

Legacy Networks: Provides a mechanism to assess the legal status of existing blockchain networks.

This initiative seeks to modernize outdated securities laws to better fit the decentralized nature of blockchain technology.

What are your thoughts?

Is this a step towards innovation or increased regulation?

#BlockchainLaw #SEC #CFTC #CryptoNews #USHouseMarketStructureDraft