U.S. House Introduces Crypto Market Structure
The Crypto Market Structure Bill delineates responsibilities between the SEC and CFTC, introduces stricter definitions like reducing the "affiliated person" threshold from 5% to 1% ownership, and outlines requirements for token listings, disclosures, and consumer protections. Unlike other countries with unified regulators, the US' dual-agency approach has led to jurisdictional competition, complicating crypto oversight. This legislation seeks to resolve these ambiguities and provide a structured environment for crypto regulation.