#USHouseMarketStructureDraft

A new draft from the U.S. House of Representatives clarifies digital goods transactions

AI Summary

According to Odaily, a new draft aimed at discussing market structure from the U.S. House of Representatives seeks to clarify the classification of digital goods transactions. As reported by Forbes journalist Eleanor Terrett, the draft specifies on page 49 that transactions related to the sale of digital goods do not constitute securities, provided that they do not grant the buyer ownership rights in the issuer’s business, profits, or assets. Essentially, buying and selling digital goods in the secondary market, rather than purchasing directly from the issuer, will not automatically trigger U.S. securities laws unless the transaction grants ownership or claims to the company's profits or assets.