The latest draft discussion of the "2025 Digital Asset Market Structure Act" released by the U.S. House of Representatives clarifies that as long as the trading of digital goods does not involve the purchaser's ownership interests 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, which may reduce compliance risks and boost market confidence. The draft also plans to grant the CFTC and SEC divided regulatory authority to promote the standardized development of the industry.