The NASDAQ calls the Securities and Exchange Commission (SEC) to deal with certain cryptos such as traditional financial titles. In a letter dated April 25, Nasdaq urged the dry to classify certain cryptocurrencies such as ” actions », Highlighting the need for clearer regulatory standards for digital assets.
In short
- The Nasdaq asks the dry to regulate certain cryptos as financial titles, regardless of their shape (paper, digital, tokenized).
- The dry, under Paul Atkins, adopts a more targeted approach, excluding certain assets such as the same and the stablecoins used for payments.
- The clearer regulation of cryptos would promote their integration into the traditional financial system.
Dry and Nasdaq: A new era for Crypto regulation?
The Nasdaq insists that cryptos with characteristics similar to those of actions should be regulated in the same way, it doesn't matter that they take the form of paper, digital or tokenized titles.
Whether in the form of paper, digital action or token, the underlying nature of an instrument remains the same.
Declared the exchange, arguing for a coherent regulation through the different forms of assets. The Nasdaq also proposed to classify certain crypto assets such as ” digital active investment contracts », Subject to lighter regulation while remaining under the supervision of the dry.
A breath of hope on the market
This clarification request intervenes in a context of significant changes in the position of the dry on Crypto regulation. Under the chairmanship of Gary Gensler, the SEC had qualified most of the cryptocurrencies, with the exception of bitcoin, financial titles, which had led to a series of prosecution against cryptocurrencies for alleged violations of the laws on titles.
However, with the arrival of Paul Atkins to the presidency, the SEC adopted a more limited position, excluding the same and the stablecoins used only for payments. In addition, the Depository Trust & Clearing Corporation (DTCC), a key compensation chamber of American titles, works to integrate the blockchain in the regulated markets, with the ERC-3643 standard of Ethereum for the tokenized titles which gain in popularity.
Nasdaq's demand for clearer crypto regulation therefore reflects an increasing need for the integration of digital assets into the traditional financial system. Such regulation could provide more certainty to investors and facilitate innovation while guaranteeing market safety.
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