The release of the #USHouseMarketStructureDraft has sparked widespread debate among policymakers, investors, and financial institutions. Aimed at modernizing and increasing transparency in the U.S. equity markets, the draft introduces several proposed changes to trading practices, order execution, and the role of market makers. One key focus is enhancing competition among trading venues to ensure retail and institutional investors receive the best possible prices. It also addresses concerns about Payment for Order Flow (PFOF) and seeks to create a more level playing field. While some stakeholders applaud the efforts, others argue the proposed regulations could disrupt liquidity. The draft marks a pivotal step in shaping the future of American financial markets.