#USHouseMarketStructureDraft Theo Odaily, a new discussion draft on market structure from the U.S. House of Representatives aims to clarify the classification of digital goods transactions. According to a report by journalist Eleanor Terrett from Forbes, the draft states on page 49 that transactions involving the sale of digital goods do not constitute securities, as long as they do not grant the buyer ownership rights to the enterprise, profits, or assets of the issuer. Essentially, buying and selling digital goods in the secondary market, rather than directly from the issuer, will not automatically trigger U.S. securities laws unless that sale confers ownership or claims to profits or assets of the company. The market is expected to decline.
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