US House Releases Crypto Market Structure Discussion Draft, Here’s All

By: bitcoin ethereum news|2025/05/06 14:15:01
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A new crypto market structure discussion draft has been released by key U.S. House committees, marking a new phase in digital asset regulation. The U.S. House Financial Services Committee and House Agriculture Committee published the draft on Monday, May 5, 2025, aiming to create a more structured and transparent regulatory environment for cryptocurrencies and related markets. Clear Roles for US SEC and CFTC Crypto Market Bill The draft crypto market bill outlines a more distinct separation of authority between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Under the proposed framework, the US SEC will regulate digital assets that are considered investment contracts. The CFTC will oversee digital commodities and their spot markets. This approach addresses concerns raised during earlier debates over the Financial Innovation and Technology for the 21st Century Act (FIT21). Justin Slaughter of Paradigm commented on X, “Overall, this bill again would make the CFTC the dominant crypto regulator,” but he noted that the SEC would retain jurisdiction until decentralization is proven. The bill also aims to prevent securities laws from applying to digital commodities traded on secondary markets unless those transactions grant the buyer rights to the issuer’s profits or assets. Definitions for Decentralization and Network Maturity A clear decentralization test is included in the crypto market bill draft. A project must not be under unilateral control by any single party. If any party holds more than 10% of the token supply, they must disclosed while the network remains centralized. A blockchain is described as “mature” if it has utility, is fully developed, is open, follows transparent rules, and is not centrally controlled. These definitions aim to clarify when networks transition from securities oversight to commodities regulation. Such criteria will assist developers and regulators in determining how a project should be governed during its lifecycle. Investor Access and Regulatory Exemptions The draft crypto market bill removes wealth and income restrictions for retail investors, opening the market to a wider public. This shift eliminates accredited investor checks and suitability standards that were seen as barriers to broader participation. In addition, the draft outlines how digital commodity exchanges can register with the CFTC. It also introduces an optional early registration process for issuers and encourages joint rulemaking between the US SEC under the new chair Paul Atkins and CFTC. For decentralized finance (DeFi), the draft proposes exemptions for protocols that are non-custodial and do not exercise discretionary control over users’ funds. Stablecoin Definitions and Senate Challenges Stablecoins are defined under the draft crypto market bill without being categorized as securities. However, a separate stablecoin bill has encountered resistance in the Senate. Nine Senate Democrats recently withdrew support, raising concerns over risks that new language might introduce. Senator Chuck Schumer has voiced concerns over the operations of Tether, a major stablecoin issuer. These concerns have created uncertainty around the timeline for comprehensive stablecoin regulation. Rep. French Hill stated, “Our discussion draft builds upon that work and provides much-needed regulatory clarity for the digital asset ecosystem.” Rep. Glenn Thompson added, “Regulatory clarity is long overdue in digital asset markets. This is the first step in advancing a comprehensive framework.” A hearing titled “American Innovation and the Future of Digital Assets: A Blueprint for the 21st Century” is expected to further discuss the contents of the draft. Push for Capital Gains Tax Reform on Crypto Market Alongside the release of the draft crypto market bill, public discussion around tax treatment of crypto transactions has also increased. Industry voices have called for a change in how everyday crypto use is taxed ahead of the US SEC crypto roundtable. Kristoph Jeffers wrote on X, “Now let’s eliminate cap gains tax on Bitcoin so people can use it as currency.” Matthew Sigel, head of digital assets research at VanEck, replied, “Agreed. Hard to call it money if every purchase triggers a 1099.” Sigel referred to the ongoing work in the Senate to introduce a de minimis exemption through the Lummis-Gillibrand bill, which would allow small crypto transactions to go untaxed. “A de minimis exemption for crypto transactions is long overdue, and already in the works,” he wrote. ✓ Share: Kelvin Munene Murithi Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates. Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss. Source: https://coingape.com/us-house-releases-crypto-market-structure-discussion-draft-heres-all/

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DDC Enterprise Limited Announces 2025 Unaudited Preliminary Financial Performance: Record Revenue Achieved, Bitcoin Treasury Grows to 2183 Coins

On March 4, 2026, DDC Enterprise Limited (NYSE American: DDC) today announced preliminary, unaudited full-year financial performance for the year ended December 31, 2025. The company expects to achieve record revenue and record positive adjusted EBITDA, primarily driven by continued growth in its core consumer food business and overall margin improvement. The final audited financial report is expected to be released in mid-April 2026.


2025 Full-Year Financial Highlights


Revenue: Expected to be between $39 million and $41 million, reaching a new company high.


Organic Growth: Excluding the impact of the company's strategic contraction of its U.S. operations, core revenue is expected to grow 11% to 17% year over year.


Gross Profit Margin: Expected to be between 28% and 30%, reflecting continued operational efficiency improvements.


Adjusted EBITDA: The company expects to achieve a positive full-year result in 2025, a significant improvement from a $3.5 million loss in 2024, mainly due to rigorous cost controls and a higher-margin sales mix.


Core Consumer Food Business Performance


In 2025, DDC's core consumer food business maintained strong operational performance.


The company also disclosed Core Consumer Food Business Adjusted EBITDA, a metric that further excludes costs related to its Bitcoin reserve strategy and non-cash fair value adjustments related to its Bitcoin holdings from adjusted EBITDA to more accurately reflect the core business performance.


In 2025, Core Consumer Food Business Adjusted EBITDA is expected to be between $5.5 million and $6 million.


Bitcoin Reserve Update


In the first half of 2025, DDC initiated a long-term Bitcoin accumulation strategy, holding Bitcoin as its primary reserve asset.


As of December 31, 2025: The company holds 1,183 BTC.


As of February 28, 2026: Holdings increased to 2,118 BTC


Today's additional purchase of 65 BTC brings the company's total holdings to 2,183 BTC


DDC Founder, Chairman, and CEO Norma Chu stated, "We are proud to have closed 2025 with record revenue and positive adjusted EBITDA, demonstrating the steady growth of the company's consumer food business and the ongoing improvement in profitability. We are building a disciplined, growth-oriented food platform and strategically allocating capital to Bitcoin assets with a long-term view, aligning with our core beliefs. We believe that this dual-track model of 'Steady Consumer Business + Strategic Bitcoin Reserve' will help DDC create lasting long-term value for shareholders."


Adjusted EBITDA Definition
For the full year 2025, the company defines "Adjusted EBITDA" (a non-GAAP financial measure) as: Net income / (loss) excluding the following items:· Interest expense· Taxes· Foreign exchange gains/losses· Long-lived asset impairment· Depreciation and amortization· Non-cash fair value changes related to financial instruments (including Bitcoin holdings)· Stock-based compensation


About DDC Enterprise Limited


DDC Enterprise Limited (NYSE: DDC) is actively implementing its corporate Bitcoin Treasury strategy while continuing to strengthen its position as a leading global Asian food platform.


The company has established Bitcoin as a core reserve asset and is executing a prudent, long-oriented accumulation strategy. While expanding its portfolio of food brands, DDC is gradually becoming one of the public company pioneers in integrating Bitcoin into its corporate financial architecture.


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