#USHouseMarketStructureDraft

New Draft from the U.S. House Clarifies Digital Product Transactions

AI Summary

According to Odaily, a new discussion draft regarding the market structure of the U.S. House of Representatives aims to clarify the classification of digital product transactions. As reported by Forbes journalist Eleanor Terrett, the draft specifies on page 49 that transactions involving the sale of digital products do not constitute securities, provided they do not grant the buyer ownership rights in the business, profits, or assets of the issuer. Essentially, buying and selling digital products in the secondary market, rather than directly from the issuer, will not automatically trigger U.S. securities laws unless the sale confers ownership or rights over the profits or assets of the company.