TechFlow news, April 25 — According to CoinDesk, Nasdaq has submitted a 23-page proposal letter to the U.S. Securities and Exchange Commission's (SEC) cryptocurrency task force, suggesting dividing digital assets into four categories: financial securities, digital asset investment contracts, digital asset commodities, and other digital assets. The proposal aims to clarify regulatory authority over each asset class.
Nasdaq recommends that the SEC regulate securities-type assets, while the Commodity Futures Trading Commission (CFTC) would oversee commodity-type assets. The letter was signed by Nasdaq’s Chief Regulatory Executive Officer John Zecca, who also proposed that both agencies jointly develop cross-jurisdictional trading guidelines for platforms capable of handling multiple types of digital assets.
