#USHouseMarketStructureDraft

The U.S. House Market Structure Draft outlines a proposed regulatory framework for digital assets in the United States. Released on May 5, 2025, this discussion draft seeks to enhance clarity, support innovation, and ensure consumer protection in the digital asset space.

Key Provisions:

Reducing Market Concentration: The draft lowers the ownership threshold for identifying 'affiliated persons' from 5% to 1%, encouraging broader market participation and reducing centralization.

Clarifying Regulatory Jurisdiction: It defines the respective roles of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in overseeing digital assets.

Supporting Innovation: The framework emphasizes the importance of public and permissionless blockchains, enabling digital asset projects to grow under clear and consistent regulations.

Enhancing Consumer Protections: It introduces new disclosure standards and registration requirements for digital commodity exchanges to safeguard users.

This draft represents a major step toward establishing a comprehensive regulatory approach for digital assets in the U.S. A joint hearing to discuss the proposal is scheduled for May 6.