The US finally lowered the long -awaited Bill of Crypto Market structureAnd it can be a game changing. Released by House Financial Services and Agriculture CommitteeThe new draft attempts to draw a clear line between who regulates what is in the crypto space.
Sec vs CFTC: A Split in Administration
Not like the previous Fit21 proposalDrawing the heat for the weakening of the SEC's role, this updated bill enables a more balanced approach. The Sec will continue to guard crypto tokens considered investment contracts, while the Cftc will lead the crypto commodities.
According to Justin Slaughter by ParadigmThe bill will keep the CFTC in the driver's seat but the SEC allows some control until projects are truly decentralized.
Notably, there is now formal “Test decentralization.” A project should not be under the control of a single party, and large holders (those with more than 10%) must be disclosed while remains centralized. The bill also identified when a blockchain was considered “mature.”
Notably, a blockchain should be open, functioning, and not central -owned -no more than 20% held by any single party.
Retail investors also get a break. They no longer have to meet high -income or wealth requirements to participate. It opens the door for everyday people to invest in crypto, not just the wealthy elite.
Defi and Stablecoins get clarification
Defi protocol That is completely automatic and do not handle user funds can also prevent strict regulations under this bill. It also talks Stablecoinsgiving a sense for them but not classifying them as security.
It came as a separate Stablecoin Bill, known as the Genius ActFaced with political pushing in the Senate.
