BREAKING: US Lawmakers Drop Bombshell Draft to Overhaul Crypto Market Structure—Here’s What Changes

Washington just lobbed a grenade into the crypto regulatory gray zone. A new bipartisan draft bill aims to tear up the rulebook—and the market’s already pricing in the chaos.

### The Nuts and Bolts of the Shakeup

No more ‘security’ vs. ‘commodity’ limbo. The proposal forces the SEC and CFTC to pick a lane, with clearer jurisdictional lines. Tokens either pass the Howey Test or get tossed to the commodities bucket—no more regulatory purgatory.

### Who Wins, Who Gets Steamrolled?

Exchanges are popping champagne (for now). The draft grants provisional ‘compliant platform’ status to those playing nice with disclosures. But DeFi protocols? They’re sweating bullets over potential ‘broker-dealer’ classification landmines.

### The Institutional Floodgates

Wall Street’s been waiting for this. Clearer rules could unlock trillions in sidelined institutional capital—assuming the usual suspects don’t water it down with ‘for your protection’ clauses that strangle innovation.

### The Bottom Line

This isn’t just paperwork—it’s a power grab that’ll reshape crypto for decades. And let’s be real: after years of lawmakers pretending Bitcoin runs on hamster wheels, even a flawed framework beats regulatory theater. Just don’t expect the SEC to surrender their turf without a fight—this is Washington, where ‘compromise’ means everyone leaves unhappy.