#USHouseMarketStructureDraft

U.S. House Draft Clarifies Digital Commodity Transactions

A new draft proposal from the U.S. House of Representatives seeks to bring clarity to the classification of digital commodity transactions. According to Odaily, and as highlighted by Forbes journalist Eleanor Terrett, the draft—specifically on page 49—states that digital commodity sales do not qualify as securities transactions, as long as they don't grant buyers ownership rights in the issuer’s business, profits, or assets. In practical terms, secondary market trading of digital commodities would not fall under U.S. securities laws unless such rights are involved.