#USHouseMarketStructureDraft The USHouseMarketStructureDraft refers to a proposed bill in the United States House of Representatives aimed at regulating the cryptocurrency industry. Introduced on May 5, 2025, by Republican lawmakers, the draft bill seeks to establish a clear regulatory framework for digital assets, defining the roles of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).

*Key Provisions:*

- *SEC and CFTC Roles*: The SEC will oversee digital assets considered securities, while the CFTC will regulate digital commodities and spot markets.

- *Decentralization Test*: A project is considered decentralized if no single party has unilateral control, and if any party holds more than 10% of the token supply, they must disclose.

- *Investor Access*: The bill removes wealth and income restrictions for retail investors, allowing broader access to digital asset markets.

- *DeFi Protections*: The draft includes provisions to protect decentralized finance (DeFi) protocols and user self-custody rights, exempting them from traditional financial regulations if they don't exercise control over user funds.

- *Market Concentration*: The bill aims to reduce market concentration by lowering the threshold for defining "affiliated persons" from 5% to 1%, promoting broader market participation.¹ ² ³

*Implications:*

- *Regulatory Clarity*: The bill provides much-needed regulatory clarity for the digital asset ecosystem, protecting consumers and fostering innovation.

- *Industry Impact*: The proposed framework could significantly impact the crypto industry, potentially leading to increased adoption and investment.⁴