On May #USHouseMarketStructureDraft 5, 2025, key Republican leaders of the U.S. House of Representatives published the discussed draft legislation Digital Asset Market Structure Act of 2025, aimed at creating a clear regulatory environment for cryptocurrencies and digital assets. This bill is the next step following the previous initiative Financial Innovation and Technology for the 21st Century Act (FIT21), which was passed by the House last year but did not receive support in the Senate.  

Key provisions of the bill

• Separation of powers between SEC and CFTC: Digital assets that meet decentralization criteria will be classified as “digital goods” and fall under the jurisdiction of the Commodity Futures Trading Commission (CFTC). Meanwhile, assets that remain centralized will be regulated by the Securities and Exchange Commission (SEC).