#USHouseMarketStructureDraft

New U.S. House Draft Clarifies Digital Commodity Transactions

According to Odaily, a new market structure draft from the U.S. House of Representatives seeks to bring clarity to the classification of digital commodity transactions. As highlighted by Forbes journalist Eleanor Terrett, the draft (notably on page 49) states that the sale of digital commodities does not qualify as a securities transaction—so long as it doesn't provide the buyer with ownership in the issuer’s business, profits, or assets. In simpler terms, secondary market transactions involving digital commodities won't fall under U.S. securities laws unless those transactions imply ownership or profit-sharing rights.