#USHouseMarketStructureDraft

The new bill from the U.S. House of Representatives clarifies transactions involving digital goods

According to Odaily, the new discussion draft on the market structure from the U.S. House of Representatives aims to clarify the classification of transactions involving digital goods. As reported by Forbes journalist Eleanor Terrett, page 49 of the draft states that transactions related to the sale of digital goods are not considered securities unless they confer ownership rights to the buyer over the business, profits, or assets of the issuer. Essentially, buying and selling digital goods on the secondary market, rather than directly from the issuer, will not automatically trigger U.S. securities laws unless the sale confers ownership rights or claims to the profits or assets of the company.