#USHouseMarketStructureDraft Draft of the New U.S. House of Representatives Clarifies Digital Commodity Transactions

According to Odaily, a new discussion draft regarding market structure from the U.S. House of Representatives aims to clarify the classification of digital commodity transactions. As reported by Forbes reporter Eleanor Terrett, the draft specifies on page 49 that transactions involving the sale of digital commodities do not constitute securities, provided that they do not confer ownership rights to the buyer in the business, profits, or assets of the issuer. Essentially, buying and selling digital commodities on the secondary market, rather than directly from the issuer, will not automatically trigger U.S. securities laws unless the sale grants ownership rights or claims to the profits or assets of the company.