#USHouseMarketStructureDraft U.S. House Digital Asset Market Structure Draft (2025): Key Highlights

The U.S. House released a bipartisan discussion draft (May 5, 2025) to establish a regulatory framework for digital assets, aiming to clarify roles between the SEC (overseeing securities) and CFTC (regulating commodities) . Key provisions include:

- Decentralization Criteria: Assets qualify as commodities if no single entity controls >10% of tokens or governance, transitioning from SEC to CFTC oversight post-certification .

Retail Access: Removes wealth/income restrictions, broadening investor participation .

Stablecoins: Defined separately but face Senate resistance over risks .

DeFi Exemptions: Non-custodial protocols avoid strict regulations .

The bill seeks to position the U.S. as a crypto innovation hub under Trump’s agenda, with a joint hearing scheduled for May 7 .#BitcoinReserveDeadline $BNB $SOL