The release of the #USHouseMarketStructureDraft has sparked significant discussion across the financial industry, as lawmakers aim to reshape key elements of market transparency, execution quality, and investor protections. This draft proposes reforms targeting high-frequency trading practices, payment for order flow, and the role of market makers, with the goal of creating a more equitable trading environment for retail and institutional investors alike. While some view the proposed changes as long overdue, others warn of potential unintended consequences that could impact liquidity and efficiency. As stakeholders submit their comments and feedback, the future of U.S. equity market structure hangs in the balance.