#USHouseMarketStructureDraft

According to Odaily, a new draft on market structure from the U.S. House of Representatives aims to clarify the classification of digital commodity transactions. As reported by Forbes journalist Eleanor Terrett, the draft states on page 49 that transactions involving the sale of digital commodities are not considered securities, as long as they do not grant ownership rights to the buyer in the business, profits, or assets of the issuer. In essence, buying and selling digital commodities in the secondary market, rather than directly from the issuer, will not automatically trigger U.S. securities laws unless the sale grants ownership or a claim on the profits or assets of the company.