U.S. Releases Draft for Digital Asset Regulatory Framework – Coincu

In Washington, D.C., on May 6, 2025, U.S. lawmakers released a discussion draft of the Digital Asset Market Structure Act of 2025. The bill introduces a comprehensive regulatory framework for digital assets, aiming to bolster consumer protection and innovation.

This legislation’s release could redefine the oversight of digital commodities and stablecoins in the United States, marking a significant shift in regulatory clarity for the crypto industry. Market reactions are currently focused on expected regulatory impacts.

U.S. Lawmakers Propose CFTC and SEC Joint Oversight

The U.S. House Financial Services Committee release of the Digital Asset Market Structure Act draft introduces a detailed plan for digital asset regulation. Key figures like French Hill and GT Thompson aim to establish clearer rules and frameworks for digital assets, defining roles for both the CFTC and SEC.

The draft bill proposes giving the CFTC authority over decentralized assets, such as Ethereum (ETH) and Bitcoin (BTC), while centralized assets remain under SEC oversight. This change is expected to influence compliance for exchanges and brokers, enhancing consumer protections and promoting a structured market environment.

Reactions from the industry include statements from lawmakers emphasizing the need for regulatory certainty. Glenn “GT” Thompson highlighted this draft as a step toward addressing regulatory gaps. “Today signifies the initial move toward creating a comprehensive structure that safeguards consumers, encourages innovation, and addresses regulatory shortcomings in oversight. This will offer certainty to developers and users of digital assets, which they have been seeking.”

Analysis of Market Impact and Historical Trends

Did you know? A previous attempt to clarify digital asset regulations, the FIT21 bill, stalled in Congress, reflecting ongoing challenges in establishing a cohesive regulatory framework.

Ethereum (ETH) is now priced at $1,815.60, with a market capitalization of $219.20 billion, according to CoinMarketCap. ETH has shown a 24-hour trading volume change of 35.82%, with price shifts of 0.08% over 24 hours and a 33.17% decline across the last 90 days. These statistics underscore the volatility and market trends associated with this asset.

Expert analysis from Coincu’s research team suggests that this bill could establish strong foundations for U.S. digital asset leadership, setting precedents comparable to regulatory movements like the EU’s MiCA. Such changes could enhance market stability, fostering innovation and aligning with historical regulatory trends.