According to Odaily, the U.S. House of Representatives has introduced a new draft discussion on market structure, aiming to provide greater clarity around the classification of digital commodity transactions. As noted by Forbes journalist Eleanor Terrett, the draft—specifically on page 49—states that the sale of digital commodities does not qualify as a securities transaction, as long as it does not grant the buyer rights to the issuer’s business, profits, or assets. In simple terms, secondary market trading of digital commodities would not fall under U.S. securities laws unless the transaction includes ownership or profit-sharing rights tied to the original issuer.

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