Leadership of the U.S. House Committee on Financial Services and the U.S. House Committee on Agriculture released a discussion draft bill intended to create a U.S. regulatory framework for digital assets, framing it as market structure legislation designed to provide regulatory clarity and strengthen consumer protections. The draft was released by Financial Services Chairman French Hill and Agriculture Chairman G.T. Thompson alongside Subcommittee Chairs Bryan Steil and Dusty Johnson. The committees positioned the proposal as building on prior bipartisan work and aimed at closing oversight gaps, protecting consumers from fraud, and providing greater certainty for digital asset developers and users; supporting materials include a section-by-section and a one-pager. A joint hearing by the House Financial Services Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence and the House Agriculture Subcommittee on Commodity Markets, Digital Assets, and Rural Development is scheduled for May 6, 2025, and the chairs indicated they are seeking public feedback as they refine the draft.
U.S. Financial Services Committee 2025-05-05
U.S. House Financial Services and Agriculture Committees release discussion draft to establish a digital asset market structure framework
The U.S. House Committees on Financial Services and Agriculture released a draft bill to establish a regulatory framework for digital assets, aiming to enhance market structure, regulatory clarity, and consumer protection. Introduced by Financial Services Chairman French Hill and Agriculture Chairman G.T. Thompson, it seeks to address oversight gaps and provide certainty for digital asset stakeholders. A joint hearing is scheduled for May 6, 2025, to gather public feedback.