#USHouseMarketStructureDraft As of May 2025, the U.S. Congress is actively discussing a bill on the structure of the cryptocurrency market — Market Structure Draft. This document aims to establish clear rules for digital assets, defining the jurisdictions between the SEC (Securities and Exchange Commission) and CFTC (Commodity Futures Trading Commission). In particular, it is anticipated that some cryptocurrencies may be classified as commodities rather than securities.

However, political disputes complicate the advancement of the bill. During a joint hearing, Representative Maxine Waters raised objections, leading to a suspension of the discussion. Additionally, Senator Jeff Merkley plans to introduce the "End Crypto Corruption Act," which would prohibit high-ranking officials and their families from issuing or supporting cryptocurrencies, including meme coins and stablecoins. This is related to concerns about potential corruption, especially given the involvement of the Trump family in cryptocurrency projects.