#USHouseMarketStructureDraft

The #USHouseMarketStructureDraft project is a draft of a new law from the U.S. House of Representatives aimed at regulating the digital asset market (such as Bitcoin and Ethereum) by establishing a clear legal framework.

Project Goals:

1. Defining the Regulatory Authority:

It clarifies who is responsible for regulating digital currencies:

SEC (Securities and Exchange Commission) for assets considered securities.

CFTC (Commodity Futures Trading Commission) for assets considered commodities.

2. Classifying Digital Assets:

Digital assets are classified based on their degree of decentralization.

Fully decentralized assets can be considered "digital commodities," not securities.

3. Protecting Innovation:

It allows existing projects to gain clear legal status without hindering their development.

4. Regulating Secondary Markets:

It provides rules for trading digital assets on platforms and public markets.

Political Background:

The project is supported by the Republican Party.

Some members of the Democratic Party oppose it, arguing that it may grant excessive protection to cryptocurrency companies without stringent regulation.