Nasdaq Urges Clear Digital Asset Categories in SEC Crypto Letter
This suggestion came in a detailed 23-page letter to the Securities and Exchange Commissions (SEC) crypto task force.
The exchange argued that a clear taxonomy would help determine which agency should oversee each type of asset, avoiding confusion over regulatory roles.
Adapting Traditional Markets for Crypto
In its letter, Nasdaq emphasized that traditional markets could easily accommodate digital assets but only with proper adjustments.
While a stock by any other name would remain a stock, whats new about digital assets must be carefully considered, Nasdaq wrote.
By adjusting certain rules, the existing financial system can evolve without disrupting market integrity, the company added.
Answering the SECs Call for Input
Nasdaqs comments come in response to an open call from SEC Commissioner Hester Peirce. She invited market players to share ideas on how future crypto regulations should take shape.
By proposing a structured approach, Nasdaq hopes to help regulators manage the fast-evolving crypto space with greater clarity and efficiency.
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