According to @BullTheoryio, the US Senate Agriculture Committee has released a crypto market structure draft bill that formally defines digital commodities and gives the CFTC primary authority over their trading, clarifying jurisdiction previously disputed with the SEC (source: @BullTheoryio). According to @BullTheoryio, the draft implies BTC, ETH, and major altcoins will gain regulatory clarity in US spot and derivatives markets (source: @BullTheoryio). According to @BullTheoryio, developers and blockchain infrastructure providers would be protected from being treated as money transmitters or brokers, reducing legal risk for node operators and smart contract deployers (source: @BullTheoryio). According to @BullTheoryio, a Digital Commodity Retail Office would be created inside the CFTC to support market transparency and investor protection, improving oversight of exchanges and retail-facing platforms (source: @BullTheoryio). According to @BullTheoryio, the bill mandates cooperation with foreign regulators to align global standards, a factor institutions have been waiting for to scale compliant participation (source: @BullTheoryio). According to @BullTheoryio, if enacted, the CFTC would become crypto’s primary regulator for spot markets, exchanges, and derivatives, a development the source characterizes as a green light for institutional capital and potential altcoin ETF products (source: @BullTheoryio).