#USHouseMarketStructureDraft
According to Odaily, a new draft from the U.S. House of Representatives seeks to clarify how digital commodity transactions are classified under market structure laws. As highlighted by Forbes journalist Eleanor Terrett, the draft—specifically page 49—states that sales of digital commodities are not considered securities transactions, as long as they don’t grant buyers ownership rights in the issuer’s business, profits, or assets. Essentially, secondary market trading of digital commodities won’t fall under U.S. securities laws unless the transaction includes equity-like claims.
