#USHouseMarketStructureDraft

The U.S. House of Representatives has released a draft bill concerning the structure of the cryptocurrency market . This draft aims to clarify the regulatory landscape for digital assets, potentially altering the roles of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) . The proposed legislation seeks to amend existing securities laws, potentially excluding certain digital assets from SEC oversight . A key aspect involves defining criteria for decentralization and establishing rules for retail investor access . This new draft builds upon previous legislation, such as the Financial Innovation and Technology for the 21st Century Act (FIT21) , aiming for a more comprehensive and refined approach to crypto regulation . The bill's details include specific sections addressing definitions, rulemaking, and registration requirements . Discussions surrounding the draft are ongoing, with hearings held to examine its implications for market oversight . The ultimate goal appears to be to create a fairer and more orderly market while protecting consumers . One interpretation suggests the bill intends to promote cryptocurrency innovation and adoption within the United States .