#USHouseMarketStructureDraft
New U.S. Draft Bill Aims to Clear Up Crypto Confusion
A fresh proposal from the U.S. House of Representatives is looking to untangle one of crypto's biggest legal questions: when does a digital asset become a security? According to a report shared by journalist Eleanor Terrett, the draft outlines that digital commodity transactions—like those on secondary markets—won’t be treated as securities, as long as they don’t give buyers a slice of the issuing company's business, profits, or assets.
In simple terms: trading digital assets on platforms like exchanges won't automatically fall under securities laws, unless you're essentially buying into the company behind them. This could bring much-needed clarity to the crypto market and help separate utility tokens from equity-style offerings.
Page 49 might just become every crypto lawyer’s new favorite bedtime read.