#USHouseMarketStructureDraft

According to Odaily, a new draft on market structure from the U.S. House of Representatives aims to clarify the classification of digital commodity transactions.

Forbes' Eleanor Terrett reports that the draft specifies on page 49 that transactions involving the sale of digital commodities do not constitute securities, provided that they do not grant ownership rights to the buyer over the benefits, profits, or assets of the issuer.

Essentially, buying and selling digital commodities on the secondary market, rather than directly from the issuer, will not automatically trigger U.S. securities laws unless the sale transfers ownership rights or claims to profits or assets of the company.