Nasdaq urges SEC to treat certain digital assets as 'stocks by any other name'

Nasdaq has urged the US Securities and Exchange Commission (SEC) to hold digital assets to the same regulatory standards as securities if they constitute “stocks by any other name,” according to an April 25 comment letter.  The exchange said the US financial regulator needs to establish a clearer taxonomy for cryptocurrencies, including categorizing a portion of digital assets as “financial securities. ” Those tokens, Nasdaq argued, should continue to be regulated “as they are regulated today regardless of tokenized form. ”“Whether it takes the form of a paper share, a digital share, or a token, an instrument’s underlying nature remains the same and it should be traded and regulated in the same ways,” the letter said source: https://cointelegraph.com/news/nasdaq-urges-sec-to-treat-certain-cryptocurrencies-as-stocks-by-any-other-name?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound