According to the official website of the U.S. House Financial Services Committee, Congressman French Hill, G.T. Thompson, Bryan Steil, and Dusty Johnson have jointly released a discussion draft of the 2025 Digital Asset Market Structure Act. The bill aims to establish a unified regulatory framework, clarify the definitions of digital commodities, stablecoins, self custody rights, and decentralized finance, empower the CFTC and SEC with separate regulatory powers, and establish registration mechanisms for exchanges, brokers, custodians, and others. The bill emphasizes protecting consumers, promoting innovation, and filling regulatory gaps, aiming to consolidate the United States' leadership position in the global digital asset market. The bill is currently in the stage of soliciting opinions.
