#USHouseMarketStructureDraft
A new draft from the U.S. House of Representatives clarifies digital commodity transactions. According to Odaily, a new draft aimed at discussing the market structure from the U.S. House of Representatives seeks 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 that the buyer is not granted ownership rights in the issuer's business, profits, or assets. Essentially, buying and selling digital commodities on the secondary market, rather than purchasing directly from the issuer, will not automatically trigger U.S. securities laws unless the deal grants ownership or claims to the company's profits or assets.