#USHouseMarketStructureDraft

Guys, today a draft discussion #USHouseMarketStructureDraft was released in the U.S. House of Representatives, and its goal is to clearly organize matters related to digital assets 🇺🇸✨. The draft specifies that if a 'token' is decentralized – meaning no one controls more than 10% of it – it will be treated as a commodity under the oversight of the CFTC, while the rest will fall under the supervision of the SEC as securities. The draft also proposes amendments to the laws from the 1930s to exempt certain digital assets from the definition of securities if they do not give their owner rights to profits or company assets. A joint hearing is expected to take place soon between the financial services and agriculture committees to discuss it, and efforts are underway to finalize the law before summer.

What do you think? Will these amendments regulate the market and protect users, or could they hinder innovation? 🤔💬