#USHouseMarketStructureDraft

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