#USHouseMarketStructureDraft - New draft from the U.S. House of Representatives clarifies digital commodity transactions

AI Summary

According to Odaily, a new discussion draft on market structure from the U.S. House of Representatives aims to clarify the classification of digital commodity transactions. According to a report by Forbes journalist Eleanor Terrett, the draft states on page 49 that transactions involving the sale of digital commodities do not constitute securities, as long as they do not grant the buyer ownership rights to the issuer's business, profits, or assets. 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 that sale grants ownership or claims to the profits or assets of the company.