According to Jake Chervinsky, the US House released a new discussion draft on crypto market structure on May 5, 2025, which builds on the FIT21 framework but introduces significant new content requiring careful review (source: Jake Chervinsky, Twitter, May 27, 2025). While there is discussion of a potential markup on June 10, Chervinsky expresses doubts about the feasibility of this timeline. For crypto traders, this legislative uncertainty could increase volatility and impact strategic positioning, as regulatory clarity remains unresolved in the near term.