#USHouseMarketStructureDraft

According to Odaily, a new draft of the US House of Representatives’ Market Structure Bill aims to clarify the classification of digital goods transactions. As Forbes journalist Eleanor Terrett reports, page 49 of the bill states that digital goods transactions are not securities, provided that they do not give the buyer ownership of the business, profits, or assets of the issuer. Essentially, buying and selling digital goods on the secondary market, rather than directly from the issuer, will not automatically trigger US securities laws unless the sale gives ownership or a claim to the company’s profits or assets.