The U.S. House of Representatives has begun discussing a bill aimed at restructuring the regulation of the digital market, focusing on clarifying the legal framework for classifying digital commodity transactions. According to journalist Eleanor Terrett in a report published by Forbes magazine, the bill states on page 49 that transactions for the sale of digital commodities are not considered securities, provided that the buyer is not granted any ownership rights in the issuing company, a share in its profits, or a claim on its assets.

This legal definition represents a pivotal shift in the regulation of digital assets, as it means that trading these commodities in secondary markets—i.e., outside the scope of the initial issuance—will not automatically be subject to U.S. securities laws, unless the transaction involves characteristics resembling traditional securities such as stocks.

The bill comes amid lawmakers' efforts to provide a clearer and more stable regulatory environment for the cryptocurrency sector, while reducing regulatory overlap between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).

It is also expected to contribute to enhancing innovation and stimulating startups working in blockchain technologies within the United States by alleviating concerns regarding the unclear legal classification of digital currencies.