#USHouseMarketStructureDraft
According to Odaily, a new discussion draft regarding the market structure of the U.S. House of Representatives aims to clarify the classification of digital product transactions. According to Forbes journalist Eleanor Terrett, the draft specifies on page 49 that transactions involving the sale of digital products do not constitute securities, as long as they do not grant the buyer ownership rights in the business, profits, or assets of the issuer. Essentially, buying and selling digital products in the secondary market, rather than directly from the issuer, will not automatically trigger the laws.
According to Odaily, a new discussion draft regarding the market structure of the U.S. House of Representatives aims to clarify the classification of digital product transactions. According to Forbes journalist Eleanor Terrett, the draft specifies on page 49 that transactions involving the sale of digital products do not constitute securities, as long as they do not grant the buyer ownership rights in the business, profits, or assets of the issuer. Essentially, buying and selling digital products in the secondary market, rather than directly from the issuer, will not automatically trigger the laws.