#USHouseMarketStructureDraft #USHouseMarketStructureDraft

Market Structure and Digital Commodity Transactions and Their Relationship to Securities and Their Relationship to the Rights to the Issuer's Business, Earnings, or Assets - Essentially, with Securities Law in Play

According to Odaily, a new draft of the US House of Representatives' Market Structure Discussion aims to clarify the classification of digital commodity transactions. As Forbes journalist Eleanor Terrett reports, the draft specifies on page 49 that transactions related to the sale of digital commodities do not constitute securities, provided they do not give the buyer ownership rights in the issuer's business, earnings, or assets. Essentially, buying and selling digital commodities on the secondary market, rather than directly from the issuer, would not automatically trigger US securities laws unless the transaction grants ownership or claims to the company's earnings or assets.