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

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CoinDesk 13h ago

Nasdaq Tells SEC Precise Crypto Labeling Will Be Everything in Future Regulation - CoinDesk

Quick Summary:

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.

It contended that the regulators should consider imposing safety measures or further constraints on firms that want to handle investors' activity from top to bottom, which is the common approach of existing crypto firms.

Those agencies — presumably directed at some point by a new crypto law hatched by Congress — will figure out the precise border between their jurisdictions.