Crypto Exchanges
By MikeT
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Nasdaq Calls for Digital Asset-Friendly Trading Venue. During its May 21 meeting with the SEC, Nasdaq made a strong case for modernizing the regulatory…
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Plume Network Pushes for On-Chain Securities and Safe Harbor Laws. On May 22, Arbitrum-based Plume Network presented its case to the SEC, arguing that permissionless…
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Etherealize Challenges Transfer Agent Requirements. Another notable meeting featured Etherealize, a DeFi startup, and its policy partner MetaLeX,…
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Regulatory Sandbox: A Common Thread. Across all three meetings, the idea of a regulatory sandbox emerged as a unifying concept.
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A Turning Point for Blockchain and Traditional Finance?. These meetings mark a potential turning point in how U.S.
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The U.S. Securities and Exchange Commission (SEC) is inching closer to reshaping financial market infrastructure, holding key meetings last week with Nasdaq and two DeFi startups…
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In what appears to be a coordinated research effort, the SEC’s Crypto Task Force met with representatives from Nasdaq, Plume Network, and Etherealize, all of whom presented…
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In a bold proposal, Nasdaq pitched the creation of a new trading venue dubbed “ATS-Digital”.
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Nasdaq also emphasized the need for a joint safe harbor in collaboration with the Commodity Futures Trading Commission (CFTC).
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On May 22, Arbitrum-based Plume Network presented its case to the SEC, arguing that permissionless public blockchains are the ideal foundation for issuing and trading tokenized…
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Plume’s proposal covered safe harbor provisions aligned with both the 1933 Securities Act and the 1934 Exchange Act, highlighting the need for clarity across both primary…
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Plume also requested guidance on tokenizing both U.S. and non-U.S. equities, particularly in the context of Regulation National Market System (Reg NMS).
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Another notable meeting featured Etherealize, a DeFi startup, and its policy partner MetaLeX, which focused on a more technical but equally important issue: the role of transfer…
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Transfer agents serve as record-keepers for shareholder data. According to Etherealize, current rules force blockchain issuers to maintain parallel off-chain records, undermining…
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The group proposed exempting qualified blockchain-based projects from existing transfer agent registration requirements.
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