#USHouseMarketStructureDraft new project from the United States House clarifies digital asset transactions

Summary by AI

According to Odaily, a new discussion project on the market structure of the United States House of Representatives aims to clarify the classification of digital asset transactions. As reported by Forbes journalist Eleanor Terrett, the project specifies on page 49 that transactions involving the sale of digital assets do not constitute securities, provided they do not confer the purchaser rights of ownership over the business, profits, or assets of the issuer. Essentially, buying and selling digital assets 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 on the profits or assets of the company.