According to a report by Golden Finance and disclosed by Forbes reporter Eleanor Terrett, page 49 of the new market structure discussion draft from the House of Representatives aims to clarify that transactions involving the sale of digital commodities do not constitute securities as long as they do not involve the buyer obtaining ownership interests in the issuer's business, profits, or assets. In other words, if you trade digital commodities on the secondary market rather than purchasing directly from the issuer, then unless that sale grants you some form of ownership or claim to the company's profits or assets, it will not automatically trigger U.S. securities law.