According to EleanorTerrett, the House’s latest market structure discussion draft, specifically on page 49, clarifies that transactions involving the sale of digital commodities are not considered securities, provided the purchaser does not acquire an ownership interest in the issuer. This clarification, reported on May 5, 2025, has immediate trading implications, as it potentially reduces regulatory uncertainty for digital commodity traders and exchanges, paving the way for increased market activity and legal clarity in the U.S. crypto sector (source: EleanorTerrett on Twitter, May 5, 2025).