Johnson, Thompson, Hill, and Steil Release Digital Asset Market Structure Discussion Draft

Washington, D.C. – Today, House Committee on Agriculture Subcommittee on Commodity Markets, Digital Assets, and Rural Development Chairman Dusty Johnson (R-S.D.), House Committee on Agriculture Chairman G.T. Thompson (R-PA), House Committee on Financial Services Chairman French Hill (R-AR), and House Committee on Financial Services Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence Chair Bryan Steil (R-WI) released a discussion draft of a bill to establish a regulatory framework for digital assets in the United States.

“America needs to be the powerhouse for digital asset investment and innovation,” said Subcommittee Chairman Johnson. “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.”

“Regulatory clarity is long overdue in digital asset markets,” said Chairman Thompson. “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.”

“We made historic progress in the 118th Congress to build bipartisan, bicameral consensus in crafting a functional regulatory framework for digital assets,” said Chairman Hill. “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.”

“The golden age of digital assets is here, and the House, under the leadership of Chairman Hill and Chairman Thompson, is leading the way,” said Subcommittee Chairman Steil. “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.”  

Click here for the text of the discussion draft. 

Click here for a section-by-section.

Click here for a one-pager.

Tomorrow, the House Financial Services Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence & House Agriculture Subcommittee on Commodity Markets, Digital Assets, and Rural Development will hold a joint hearing entitled “American Innovation and the Future of Digital Assets: A Blueprint for the 21st Century.”

Tune in to the livestream here.