#USHouseMarketStructureDraft On May 6, 2025, key Republican leaders from the U.S. House Financial Services and Agriculture Committees introduced a new draft bill aimed at overhauling the digital asset market structure. This legislation seeks to clarify the regulatory framework for cryptocurrencies by delineating oversight responsibilities between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). The draft proposes a process for certain digital assets to be issued and traded without being classified as securities under the 1933 Securities Act, while maintaining that assets functioning like swaps, futures, or derivatives comply with existing regulations. Additionally, it provides a mechanism to determine the legal status of blockchain networks launched before the law’s enactment.