According to Jake Chervinsky, the new House draft of the Digital Asset Market Structure and Consumer Protection Act (DAMCA) is the most comprehensive and advanced crypto market structure legislation produced by Congress in the past seven years. Chervinsky notes that while there are still issues to address, the bill is surprisingly close to being ready, signaling significant progress in regulatory clarity for digital assets. For crypto traders, this draft could provide clearer rules and more predictable compliance standards, potentially reducing regulatory uncertainty and positively influencing market sentiment. Source: Jake Chervinsky Twitter, May 31, 2025.