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#NasdaqOnCrypto 🚨🚨
🔥 NEW: Nasdaq Tells SEC—It’s Time to Get Serious About Digital Asset Rules
Nasdaq just sent a 23-page letter to the SEC, and the message is loud and clear: crypto needs better rules, not more confusion.
Here’s what you need to know:
📢 They Want Structure, Not Silence
Nasdaq is asking the SEC to stop dragging its feet and build a proper framework to regulate digital assets. The idea? Digital assets can fit into traditional markets—with the right classification and oversight.
🧩 Four Clear Buckets for Crypto Assets
They’ve proposed a 4-tier model to sort digital assets:
1. Tokenized Stocks & Bonds (like traditional securities)
2. Digital Asset Investment Contracts (based on a clearer Howey test)
3. Digital Commodities (Bitcoin, ETH—these go under CFTC)
4. Other Digital Assets (tokens that don’t fall into the first three)
⚖️ New Label for Crypto Platforms
They’re suggesting a "crossover trading designation" for exchanges that handle a mix of digital assets—basically a regulatory passport to keep things legal and secure.
🛡️ Protect the Investors
Nasdaq is stressing the importance of tight oversight on vertically integrated crypto firms—those that do everything from trading to custody. The goal: more accountability, less risk.
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Bottom line? Nasdaq’s putting pressure on the SEC to stop the regulatory guessing game and make it easier for crypto to grow responsibly inside U.S. markets.