#USHouseMarketStructureDraft

According to Odaily, a new draft discussion on the market structure of the United States House of Representatives aims to clarify transactions of digital assets. 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 they do not confer to the buyer ownership rights 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 confers ownership rights or claims on the profits or assets of the company.