#USHouseMarketStructureDraft New Draft of the U.S. House of Representatives Clarifies Digital Commodity Transactions

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