New U.S. House Draft Clarifies Digital Commodity Status
A new draft bill from the U.S. House is making waves in the crypto space. According to journalist Eleanor Terrett, the draft aims to clearly separate digital commodity transactions from securities law.
Key clarification (Page 49):
Secondary market sales of digital commodities do not constitute securities transactions — as long as the buyer does not receive rights to the issuer’s business, profits, or assets.
Why it matters:
This is a step toward regulatory clarity. Tokens that function purely as digital commodities (e.g., BTC, ETH, and possibly others) may avoid SEC classification — especially when traded in the open market, not through token sales with ownership claims.
Regulatory clarity = reduced risk for builders, investors, and exchanges.
Keep an eye on how this develops.
