On May #USHouseMarketStructureDraft 5, key Republican leaders of the United States House of Representatives unveiled the discussed bill, the Digital Asset Market Structure Act of 2025, aimed at creating a clear regulatory environment for cryptocurrencies and digital assets. This bill follows the previous initiative, the Financial Innovation and Technology for the 21st Century Act (FIT21), which was passed by the House last year but did not gain support in the Senate.  

Key Provisions of the Bill

• Separation of Powers between SEC and CFTC: Digital assets that meet the criteria for decentralization will be classified as "digital commodities" and will fall under the jurisdiction of the Commodity Futures Trading Commission (CFTC). In contrast, assets that remain centralized will be regulated by the Securities and Exchange Commission (SEC). 

• Decentralization Criteria: The bill defines a "mature blockchain system" as one that is open, automated, not controlled by a single person or organization, and where no participant holds more than 20% of the tokens.