According to Odaily, a new draft proposal from the U.S. House of Representatives seeks to clarify how digital commodity transactions are classified. Citing Forbes journalist Eleanor Terrett, the draft—specifically on page 49—states that selling digital commodities does not count as a securities transaction as long as the buyer doesn’t receive ownership stakes, profit rights, or claims on the issuer’s assets. In other words, secondary market trading of digital commodities won’t fall under U.S. securities laws unless those transactions involve rights to the issuer’s business, profits, or assets.

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