PANews reported on May 6 that according to the official website of the U.S. House of Representatives Financial Services Committee, Representatives French Hill, GT Thompson, Bryan Steil and Dusty Johnson jointly released a discussion draft of the Digital Asset Market Structure Act of 2025. The bill intends to establish a unified regulatory framework, clarify the definitions of digital commodities, stablecoins, self-custody rights and decentralized finance, grant the CFTC and SEC a division of regulatory authority, and establish a registration mechanism for exchanges, brokers, custodians, etc. The bill emphasizes protecting consumers, promoting innovation, and filling regulatory gaps, aiming to consolidate the United States' leadership in the global digital asset market. The bill is currently in the stage of soliciting comments.
