“A Highly Specific Taxonomy is Needed for the Us to Move Forward with Crypto Regulation, The Company Argued in A Letter to the Agency.”, – WRITE: www.coindesk.com
“While A Stock by Any of Word Wold Still Be A Stock, The Exist Market EcoSystem Can Readily Absorb Digital Assets by Establishing The Proper Taxonomy and Calibration About Digital Assets, “The Letter Argued in Response to the Invitation Issued by the Task Force’s Chief, Commissioner Hester Peirce, to Weight In On Future Regulations.
The Four Future Categories of Digital Assets, In Nasdaq’s View, Should Be:
- Financial Securities (Tokens Tied to Assets That Are Securities Under Exafting Definitions, Like Stocks, Bonds and Exchange-Traded Funds (Etfs) Underlying assets);
- Digital Asset Investment Contracts (Tokenized Contracts That Check All The Securities Boxes Under A “Clarified Version”
- Digital Asset Commodities (Meeting The Us Definition of Commodities)
- Other Digital Assets (Stuff that Doesn’t Fall AnyWhere Else and Shouldn’t Have Rules for Securities or Commodities Imposed On IT)
The Securities Categories Belf in the Hands of the Sec, WHICH WILL BE WORKING WITH ITS COUSIN AGENCY, The Commodity Futures Trading Commission, That Will Handle The Commodities. Those Agencies – Presumable Directed at some point by a New Crypto Law Hatched by Congress – Will Figure Out the Precise Border Between their juurisdices.
The Letter, Signed by John Zecca, The Company’s Chief Regulator Executive, Argued that “Digital Assets That Constitute Financial Securities Must Trate As They To Today.”
Nasdaq Also Suggested that the Two Agencies Shold Formulate a Kind of Crossover Trading Damignation for Platforms That Can Handle Digital Asset Investment.
In the Letter, Nasdaq Underlined ITS Digital-Asset Crediebility, Saying ITS “Trading and Clearing Services, Market and Trading Surveillance, and Central Securities Depository Technology SIX Continents. ” IT Contended that Regulators Shold Consider Imposing Safety Measures or Further Constraints on Firms that Want to Want to Handle Investors’ Activity from Top. FIRMS.
Read More: Sec ‘Earnest’ About Finding Workable Crypto Policy, Commissiors Say at Roundtable
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