#USHouseMarketStructureDraft Draft New US Household Explains Digital Commodity Transactions

According to Odaily, a new discussion draft on market structure from the US House of Representatives aims to clarify the classification of digital commodity transactions. As reported by Forbes journalist Eleanor Terrett, the draft states on page 49 that transactions involving the sale of digital commodities are not considered securities, as long as they do not confer ownership rights to the buyer over the business, profits, or assets of the issuer. In essence, buying and selling digital commodities on the secondary market, rather than directly from the issuer, will not automatically trigger US securities laws unless the sale confers ownership or claims to the profits or assets of the company.