Excellent overview of the draft market structure bill—much more important than the stablecoin bill for crypto builders—from @jbsdc.

Full analysis coming shortly this afternoon. Here's a teaser:

TLDR:
The market structure draft is an incremental, albeit  meaningful, rewrite of FIT21 that tightens affiliate sale rules, replaces the idea of the SEC certifying decentralization with an ongoing “mature blockchain”

As promised, here’s my analysis on the new joint House Financial Services and House Agriculture Market Structure bill on crypto. This is the bill that will, finally, provide a clear regulatory regime on crypto that many have been calling for.

Thread.

Justin Slaughter

Former SEC/CFTC/House&Senate staffer. Now Policy@Paradigm. Perennial Optimist.

Excellent overview of the draft market structure bill—much more important than the stablecoin bill for crypto builders—from @jbsdc.

https://x.com/JBSDC/status/1919509884426490179