#USHouseMarketStructureDraft
The U.S. House of Representatives has recently seen the introduction of a draft discussion on digital asset market structure. This draft, unveiled on Monday, May 5, 2025, is a collaborative effort involving key members from both the House Committee on Financial Services and the House Committee on Agriculture.
Key Highlights of the Draft:
* Clarification of Digital Commodity Transactions: A significant aspect of the draft is the attempt to clarify the classification of digital commodity transactions. Specifically, it states that the sale of digital commodities will not be considered securities under U.S. law if the transaction does not grant the purchaser ownership rights, a share of profits, or claims to the issuer's assets. This primarily aims to distinguish secondary market sales from initial offerings.
