Page 49 of the House's new market structure discussion draft #美国众议院市场结构讨论草案 aims to clarify that transactions involving the sale of digital goods do not constitute securities as long as the buyer does not obtain ownership rights to the issuer's business, profits, or assets. In other words, if you buy and sell digital goods on the secondary market rather than purchasing directly from the issuer, then unless that sale grants you some form of ownership or a claim to the company's profits or assets, it will not automatically trigger U.S. securities laws. $BNB
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