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.
According to a recent letter from Nasdaq, representatives from the exchange operator met with the SEC’s newly formed crypto task force last week to discuss regulatory parity. The company stated that all trading venues, whether exchanges, broker-dealers or alternative trading systems, should allow trading of both digital asset securities and non-securities digital assets. Nasdaq also called on the SEC to set a clear deadline for any temporary relief it grants to existing crypto trading platforms.
The exchange has previously signaled interest in the crypto space, announcing plans to launch a crypto custody platform in 2022. However, that initiative was shelved a year later due to evolving regulatory uncertainties. At the time, Nasdaq also hinted at the possibility of launching a crypto exchange, depending on the regulatory environment and market conditions.
Nasdaq is not alone in pushing for regulatory clarity. Other industry representatives, including venture capital firms Andreessen Horowitz (a16z) and Multicoin Capital, as well as the Blockchain Association, also met with the SEC’s crypto task force last week to discuss the future of digital asset regulation.
*This is not investment advice.
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