Nasdaq Urges SEC to Establish Regulatory Parity for Crypto Trading Venues
Nasdaq is calling on the U.S. Securities and Exchange Commission (SEC) to create a “level playing field” for various crypto trading venues, including national stock exchanges, as the regulator works to overhaul rules for digital assets.
Representatives from Nasdaq recently met with the SEC’s newly formed crypto task force to discuss regulatory parity. The exchange operator emphasized the importance of all trading venues, whether exchanges, broker-dealers, or alternative trading systems, to allow trading of both digital asset securities and non-securities digital assets. Nasdaq also urged the SEC to establish a clear deadline for any temporary relief granted to existing crypto trading platforms.
While Nasdaq has previously shown interest in the crypto space, with plans to launch a crypto custody platform in 2022, regulatory uncertainties led to the shelving of the initiative a year later. The exchange operator has also hinted at the potential launch of a crypto exchange in the future, pending regulatory clarity and market conditions.
Industry Push for Regulatory Clarity
Nasdaq is not alone in advocating for regulatory clarity in the digital asset space. Venture capital firms such as Andreessen Horowitz (a16z) and Multicoin Capital, along with the Blockchain Association, also engaged with the SEC’s crypto task force to discuss the future of digital asset regulation.
*This is not investment advice.