#USHouseMarketStructureDraft

#USHouseMarketStructureDraft

A new draft from the U.S. House of Representatives is shedding light on how digital commodity transactions are classified. As highlighted by Forbes journalist Eleanor Terrett, the draft clarifies (on page 49) that secondary market transactions involving digital commodities do not count as securities, unless they grant the buyer ownership rights in the issuer’s business, profits, or assets. This distinction could offer greater legal clarity for crypto markets, particularly for platforms facilitating trades outside of initial token offerings. In short: not all crypto transactions are securities—especially when no claim to ownership or profit is involved.