New Bill in the U.S. House of Representatives Clarifies Digital Goods Transactions

According to Odaily, a new bill from the U.S. House of Representatives aimed at discussing market structure seeks to clarify the classification of digital goods transactions. As reported by Eleanor Terrett, a journalist at Forbes, the bill states on page 49 that transactions involving the sale of digital goods are not considered securities, provided that the buyer is not granted ownership rights in the issuer's business, profits, or assets. Essentially, buying and selling digital goods in the secondary market, as opposed to purchasing directly from the issuer, will not automatically trigger U.S. securities laws unless the sale grants ownership or rights to the company's profits or assets.