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

According to Odaily, a new discussion draft on 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 related to the sale of digital commodities do not constitute securities, provided they do not grant ownership rights to the buyer in the issuer's business, profits, or assets. Essentially, the buying and selling of digital commodities in the secondary market, rather than directly from the issuer, will not automatically trigger U.S. securities laws unless the sale grants ownership or requires profits or assets of the company.