#USHouseMarketStructureDraft

A new bill from the U.S. House of Representatives aims to clarify the classification of digital asset transactions. As reported by Eleanor Terrett, a journalist at Forbes, the bill states on page 49 that transactions involving the sale of digital assets are not considered securities, provided they do not confer to the buyer rights of ownership over the issuer's operations, profits, or assets. Essentially, the buying and selling of digital assets on the secondary market, rather than a direct purchase from the issuer, will not automatically trigger U.S. securities laws, unless the sale confers ownership or rights to the profits or assets of the company.