#USHouseMarketStructureDraft

The US House Market Structure Draft is a proposed bill aimed at clarifying the classification of digital commodity transactions. Key points include ¹:

- *Digital Commodities Excluded from Securities*: The draft specifies that transactions involving digital commodities don't constitute securities if they don't grant ownership rights in the issuer's business, profits, or assets.

- *Secondary Market Implications*: Buying and selling digital commodities on secondary markets won't automatically trigger US securities laws unless the sale confers ownership or claims to the company's profits or assets.

- *Regulatory Clarity*: The bill aims to provide regulatory clarity for digital commodity transactions, potentially boosting liquidity and compliance in secondary markets.

Potential impact:

- *Increased Adoption*: Clearer regulations could lead to increased adoption of digital commodities.

- *Reduced Regulatory Disputes*: The bill might reduce regulatory disputes related to securities laws.

- *Market Growth*: Clarity on digital commodity classification could foster growth in the market.

The draft's progress and implications are significant for the digital asset industry, particularly for tokens like XRP and ETH, which might benefit from clearer regulatory guidelines.