#USHouseMarketStructureDraft The New Draft of the U.S. House of Representatives Clarifies Digital Commodity Transactions

According to Odaily, a new draft on market structure from the U.S. House of Representatives aims to clarify the classification of digital commodity transactions. As Forbes reporter Eleanor Terrett reported, the draft stipulates on page 49 that transactions involving the sale of digital commodities do not constitute securities, provided they do not confer upon the buyer ownership rights in the business, profits, or assets of the issuer. Essentially, buying and selling digital commodities in the secondary market, rather than directly from the issuer, will not automatically trigger U.S. securities laws unless the sale transfers ownership rights or rights to claim profits or assets of the company.