#USHouseMarketStructureDraft

The US House's latest market structure discussion draft aims to clarify the classification of digital commodity transactions. Here's what you need to know¹:

- *Key Points:*

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

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

- *Potential Impact:*

- *Liquidity and Compliance:* This clarification could boost liquidity and compliance in secondary markets.

- *Regulatory Disputes:* Tokens might avoid securities-related regulatory disputes if they meet the specified conditions.

- *Market Reaction:*

- *Cryptocurrency Prices:* The draft's impact on cryptocurrency prices is uncertain, but some analysts believe it could lead to increased adoption and investment.

Some traders are discussing potential market movements based on this news, with some shorting $BTC and $SOL. Others are watching $ETH closely, anticipating potential price movements.