#USHouseMarketStructureDraft

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