Nasdaq Tells U.S. SEC Precise Crypto Labeling Will Be Everything in Future Regulation

Nasdaq Tells U.S. SEC Precise Crypto Labeling Will Be Everything in Future Regulation

A highly specific taxonomy is needed for the U.S. to move forward with crypto regulation, the company argued in a letter to the agency.

Nasdaq Urges SEC to Create Clear Taxonomy for Digital Assets

The SEC should establish a clear classification for digital assets, according to Nasdaq. The proposal’s main goals are to safeguard investors and promote market innovation. Digital assets that are clearly classified will increase regulatory compliance and trust. Nasdaq has called on the U.S. Securities and Exchange Commission (SEC) to establish a clear taxonomy for digital assets. In a letter, Nasdaq’s Chief Regulatory Officer, John Zecca, empha…

SEC's Uyeda Proposes State Trusts as Qualified Custodians for Bitcoin, Crypto for Investment Advisers

SEC Commissioner Mark Uyeda has proposed that state-chartered trust companies should be permitted to act as qualified custodians for Bitcoin and other cryptocurrencies. He suggests that allowing these institutions to custody digital assets would provide investment advisers with more options and increase competition in the market.Uyeda's proposal is part of ongoing regulatory discussions about expanding custodial options for investment advisers a…

The Nasdaq calls on the Securities and Exchange Commission (SEC) to treat certain cryptos as traditional financial securities. In a letter dated 25 April, Nasdaq urged the SEC to classify certain cryptocurrencies as "shares", stressing the need for clearer regulatory standards for digital assets. The Nasdaq article calls on the SEC to treat cryptos as financial securities appeared first on Cointribune.

Nasdaq has sent a letter to the SEC's cryptocurrency task force with recommendations on digital asset regulation and taxonomy. "The existing market ecosystem can easily absorb digital assets by establishing a proper taxonomy and calibrating certain...

Nasdaq Suggests SEC Consider Digital Assets as Securities Amid Evolving Regulatory Landscape

The post Nasdaq Suggests SEC Consider Digital Assets as Securities Amid Evolving Regulatory Landscape appeared on BitcoinEthereumNews.com. Nasdaq’s recent comment letter to the SEC highlights a pivotal moment in the evolving regulatory landscape for cryptocurrency, advocating for clearer classification. This move aligns with a growing consensus that more distinct regulations are needed for digital assets, separate from traditional securities. “W…