#USHouseMarketStructureDraft
Market Structure and Digital Asset Transactions and Their Relation to Securities and Their Connection to the Rights of the Issuer's Business or Its Profits or Assets at Its Core - with the Activation of Securities Law
According to Odaily, a new draft aimed at discussing market structure from the U.S. House of Representatives seeks to clarify the classification of digital asset transactions. As reported by Forbes journalist Eleanor Terrett, the draft specifies on page 49 that transactions related to the sale of digital assets do not constitute securities, provided that the buyer is not granted ownership rights in the issuer's business or its profits or assets. Essentially, buying and selling digital assets in the secondary market, rather than purchasing directly from the issuer, will not automatically trigger U.S. securities laws unless the transaction grants ownership or claims to the company's profits or assets. #Vaulta
