#USHouseMarketStructureDraft The US House's latest market structure discussion draft aims to clarify the classification of digital commodity transactions, potentially boosting liquidity and compliance in secondary markets. Here are the key points¹ ²:

- *Digital Commodities vs. Securities*: The draft specifies that transactions involving digital commodities don't constitute securities if they don't grant ownership rights in the issuer's business, profits, or assets.

- *Secondary Market Transactions*: Buying and selling digital commodities on secondary markets won't automatically trigger US securities laws unless the sale confers ownership or claims to company profits or assets.

- *Regulatory Clarity*: The bill seeks to define clear lines between the SEC and CFTC, resolving jurisdiction battles over digital assets.

- *Impact on Tokens*: More tokens might escape securities-related regulatory disputes, but this is still a draft and subject to change.

- *Investor Protection and Innovation*: Lawmakers promise consumer safeguards while fostering blockchain innovation.

Some potential implications include:

- *Increased Market Confidence*: Clearer regulations could boost market confidence and liquidity.

- *Innovation*: Favorable regulations might encourage more blockchain innovation.

- *Compliance*: Exchanges and tokens may need to adapt to new regulatory requirements.

Keep in mind that this is a draft, and the final outcome may differ. The crypto community is eagerly awaiting further developments and potential implications for the market.