- French Hill presented the Digital Asset Market Structure draft as a continuation of the work of the 118th Congress
- G.T. Thompson called the initiative the first step toward a comprehensive system of consumer protection and closing regulatory gaps
- Bryan Steil emphasized the goal of strengthening U.S. leadership in financial innovation and global competition
- Dusty Johnson highlighted the need for a sound regulatory foundation for the development of digital asset investment in the U.S
On May 5, 2025, the chairs of four U.S. House committees — French Hill presented the Digital Asset Market Structure draft as a continuation of the work of the 118th Congress. He promises consumer protection, closing oversight gaps, and preserving U.S. leadership in the crypto industry, reaffirming that crypto remains a top-level policy focus in the United States.
The Essence of the Digital Asset Market Structure Draft and Key Statements
At its core, the draft aims to consolidate efforts toward establishing a coherent and sustainable regulatory framework for digital assets in the United States. It outlines structured oversight across major financial areas, including consumer protection and the elimination of regulatory blind spots, and positions itself as a strategic step to preserve U.S. leadership in the crypto industry.
The initiative is backed by four U.S. House committees simultaneously — a level of institutional support that significantly reinforces its weight.
Chairman Hill stated:
“We made historic progress in the 118th Congress to build bipartisan, bicameral consensus in crafting a functional regulatory framework for digital assets. Our discussion draft builds upon that work and provides much-needed regulatory clarity for the digital asset ecosystem by protecting consumers and safeguarding the long-term integrity of digital asset markets in the United States. I look forward to receiving feedback from the public and working alongside the Trump Administration and my House and Senate colleagues to deliver a clear, durable framework to President Trump’s desk so that America remains the crypto capital of the world.”
Chairman Thompson added:
“Regulatory clarity is long overdue in digital asset markets. Today marks the first step in advancing a comprehensive framework that protects consumers, fosters innovation, and closes regulatory gaps in oversight. It will give digital asset developers and users the certainty they need and have asked for. Members of the Committee on Agriculture are proud to work with members of the Financial Services Committee, led by Chairman Hill and Chairman Steil. And I am grateful to Chairman Dusty Johnson, whose bipartisan leadership has been instrumental every step of the way.”
Subcommittee Chairman Bryan Steil commented:
“The golden age of digital assets is here, and the House, under the leadership of Chairman Hill and Chairman Thompson, is leading the way. Our discussion draft aims to keep America at the forefront of financial innovation and global competition, while protecting consumers from fraud. I look forward to receiving feedback and building a final product that secures U.S. dominance in this space.”
Subcommittee Chairman Dusty Johnson remarked:
“America needs to be the powerhouse for digital asset investment and innovation. For that to happen, we need a commonsense regulatory regime. It’s been an honor to develop this draft language with Chairmen Thompson, Hill, and Steil, and I look forward to refining and advancing our bill.”
Conclusion
This is another substantial crypto-forward step for the United States — and what stands out most is the level of institutional alignment behind it, something that would have seemed implausible just a few years ago. Stay tuned for updates, and be adaptive in the rapidly evolving regulatory, financial, and crypto landscape.
