🇺🇸 New: Fairmint Proposes a Framework to the SEC to Update the Private Blockchain Securities Market! 🔗
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💡 Revolutionary Framework:
Fairmint, a registered transfer agent, has presented a seven-point policy framework for the SEC's "Crypto Task Force." The aim is to transform the $6 trillion private securities market using blockchain.
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🌐 Key Proposals and Impact:
– Infrastructure Standards: Standardizing infrastructure to facilitate interaction.
– Immediate Regulatory Oversight: Continuous supervision from the SEC through monitoring nodes.
– Self-Custody Investor Rights: Direct ownership with compliance guarantees.
– Knowledge-Based Accreditation: Transforming investor accreditation standards.
– Organized Experimental Environment (Sandbox): A safe environment for innovation in DeFi.
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📈 Enhancing Innovation and Oversight:
The initiative focuses on enhancing oversight and empowering technological innovation. It points to integrating blockchain into traditional markets, thereby improving efficiency and transparency.
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❓ Do you think this policy framework will accelerate the adoption of blockchain solutions in traditional financial markets in the United States? 🤔
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