U.S. Congress Releases Draft on Crypto Market Structure

The U.S. Congress revealed a draft for discussion on July 22 concerning the structure of the cryptocurrency market. It primarily involves the House Financial Services Committee and the House Agriculture Committee.

This draft is significant for cryptocurrency regulation, providing clarity on whether the SEC or CFTC regulates digital assets.

Congress Targets Regulatory Clarity with New Crypto Draft

The U.S. Congress has released a draft discussion paper on the cryptocurrency market structure. Led by the House Financial Services Committee, the bill seeks to address regulatory ambiguity. Chair French Hill, along with bipartisan support, is guiding this initiative. The Senate is also coordinating legislative efforts.

If passed, the bill would delineate the SEC and CFTC’s roles in overseeing digital assets, impacting major cryptocurrencies and related financial products. This could promote both regulatory clarity and investor confidence. The draft provides a potential roadmap for the digital asset industry.

French Hill, Chair, House Financial Services Committee – “Our aim is a comprehensive framework that delineates the roles of the SEC and CFTC, ensuring clear guidelines for all market participants.” : WilmerHale

Market Eyes Potential Changes; Bitcoin Steady at $119K

Did you know? The draft is modeled after the 2024 FIT21 Act and mirrors the successful GENIUS Act passed in 2025 for stablecoins, showing gradual progress in U.S. crypto regulation.

Bitcoin (BTC) is currently priced at $119,034.92 with a market cap of 2,368,304,910,129.46. The current 24-hour trading volume is 75,807,914,057.16. CoinMarketCap data shows BTC’s price increased by 0.15% in 24 hours and 26.69% over the last 90 days.

Coincu experts anticipate the bill could provide a structured framework, influencing institutional investment and product innovation. The clarity may boost on-chain dynamics by fostering a regulated environment for digital asset growth.