TechFlow news — On March 24, CoinRegTech submitted multiple regulatory recommendations to the SEC's Crypto 2.0 Task Force:
- The SEC should clarify that trading of digital asset securities—whether "on-chain" or "off-chain"—must comply with the same trade reporting requirements as traditional securities.
- The SEC should address investor protection and market structure concerns related to digital asset securities facilitated by off-chain trading on platforms.
- The SEC should amend the Exchange Act rules to require timely reporting of all transactions deemed to involve digital asset securities.
- The SEC and CFTC should jointly authorize and oversee a Digital Asset Transaction Repository ("DART"). DART would record transactions—including those submitted to public ledgers and off-chain trades—as well as related customer ownership information, regardless of whether the digital asset is classified as a "security" or "commodity."
This comment letter responds to the SEC Crypto 2.0 Task Force’s public request for input, aiming to advance its mission of protecting retail investors, providing legal certainty, and fostering financial innovation.
Add to Favorites
Share to Social Media
