#USHouseMarketStructureDraft
The US House of Representatives has released a new draft discussion on market structure, aiming to clarify the classification of digital commodity transactions. This draft proposes that digital commodities wouldn't be considered securities if they don't grant ownership rights in the issuer's business, profits, or assets. Key points include:
- *Exclusion from Securities*: Transactions involving digital commodities on secondary markets wouldn't automatically trigger US securities laws unless they confer ownership or claims to company profits or assets.
- *Regulatory Clarity*: The draft aims to provide regulatory clarity for digital assets, protecting consumers and fostering innovation.
- *Bipartisan Support*: The draft has been backed by several House committee chairmen, including French Hill, G.T. Thompson, Bryan Steil, and Dusty Johnson.
The proposed framework could potentially:
- *Boost Liquidity*: By providing clear guidelines, the draft may increase liquidity in digital asset markets.
- *Reduce Regulatory Disputes*: Clarifying the classification of digital commodities could reduce regulatory disputes and provide certainty for digital asset developers and users.
A joint hearing titled "American Innovation and the Future of Digital Assets: A Blueprint for the 21st Century" is scheduled to discuss this draft further.