#USHouseMarketStructureDraft Market Structure and Digital Asset Transactions and Their Relation to Securities and Their Connection to the Rights of the Issuer's Business or Its Profits or Assets in Essence - with the Activation of the Securities Law
According to Odaily, a new draft discussion on market structure from the U.S. House of Representatives aims to clarify the classification of digital asset transactions. As reported by Forbes journalist Eleanor Terrett, the draft specifies on page 49 that transactions related to the sale of digital assets do not constitute securities, provided that they do not grant the buyer ownership rights in the issuer's business, profits, or assets. In essence, buying and selling digital assets in the secondary market, instead of purchasing directly from the issuer, will not automatically trigger U.S. securities laws unless the deal grants ownership or claims to the company's profits or assets
