#USHouseMarketStructureDraft *New U.S. House Draft Defines Digital Commodity Transactions*

A *new draft* from the *U.S. House of Representatives* seeks to clarify how *digital commodity transactions* are classified under market regulations.

As reported by *Forbes journalist Eleanor Terrett* , the draft (page 49) states that *selling digital commodities does not constitute securities transactions* , as long as the purchase *does not grant ownership rights in the issuer’s business, profits, or assets* .

Essentially, *secondary market trading* of digital commodities—rather than direct transactions with the issuer— *will not automatically fall under U.S. securities laws* , unless the sale includes *ownership or profit claims* tied to the issuing entity.

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