The latest draft discussion of the "2025 Digital Asset Market Structure Act" released by the U.S. House of Representatives (#美联储FOMC会议 ) clearly states that as long as the trading of digital commodities does not involve the purchaser's ownership rights in the issuer (such as profit or asset distribution), it does not constitute a securities transaction. This provision provides a clearer regulatory framework for secondary market trading of cryptocurrencies, potentially reducing compliance risks and boosting market confidence. The draft also plans to grant the CFTC and SEC differentiated regulatory powers to promote the standardized development of the industry.