🛑 Blockchain Association Calls for US SEC to Drop Equity Style Crypto Regulation
The Blockchain Association has urged the U.S. Securities and Exchange Commission (SEC) to stop applying equity market structures to the crypto industry.
In a formal response to SEC Commissioner Hester Peirce’s request for input on crypto trading practices, the association argued that current approaches are not suitable for the unique features of blockchain technology.
The association’s letter, submitted on May 2, 2025, focuses primarily on topics related to trading, clearing, settlement, and custody in the digital asset space. The group represents a wide range of crypto firms, including Coinbase, Ripple, and Uniswap Labs.
According to a recent thread on X, the Blockchain Association is calling on the SEC to adopt a more flexible and evolving regulatory approach for crypto assets under the new US SEC chair Paul Atkins.
The existing structure was designed for the traditional equity markets, it says, and it doesn’t factor the decentralized and real time nature of blockchain based systems.
“The Association urged the Commission to refrain from adopting rules, policies, or guidance that would limit who can use blockchain technology or what the technology can be used for,” it said.
They also said that blockchain facilitates innovations like real time settlement, disintermediation and lower transaction costs.
