According to Odaily, a new draft proposal from the U.S. House of Representatives seeks to clarify how digital commodity transactions are classified. As noted by Forbes journalist Eleanor Terrett, page 49 of the draft states that selling digital commodities does not make them securities—so long as the transaction doesn't grant the buyer ownership rights in the issuer's business, profits, or assets. In short, secondary market trades of digital commodities won’t automatically fall under U.S. securities laws unless they include claims to the company’s ownership or earnings.

#USHouseMarketStructureDraft