🚨NEW: Page 49 of the House’s new market structure discussion draft aims to clarify that transactions involving the sale of digital commodities do not constitute securities as long as those transactions do not involve the purchaser acquiring an ownership interest in the issuer's business, profits, or assets.

In other words, if you're buying or selling digital commodities on the secondary market, and not directly from the issuer itself, it won’t automatically trigger U.S. securities laws unless the sale gives you some kind of ownership or a claim on the company’s profits or assets.