#USHouseMarketStructureDraft

The new bill from the U.S. House of Representatives aimed at regulating the digital asset market clarifies that transactions involving digital goods will not be considered securities. As reported by Forbes journalist Eleanor Terrett, the document (page 49) states that transactions involving digital assets are not subject to securities laws unless they grant the buyer rights to a share in the business, profits, or assets of the issuer. In other words, the purchase or sale of digital goods on the secondary market that does not involve the transfer of ownership rights or income will not be regulated as securities under U.S. law.