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wait so the government is finally getting their crypto act together or is this just another fomo trap 🧐 what’s the deal with Nasdaq token
Blockchain regulations: Senate, SEC, CFTC coordinate on digital assets, releasing joint declarations and proposing new financial products; Nasdaq explores tokenizing stocks
“Government agencies synchronize efforts: Senate, SEC, and CFTC align on digital asset regulation, signaling a pivotal moment for American financial markets. Nas
As expected, September started with a “cryptographic sprint” as the government rushes to set regulations on digital assets. The Senate Banking Committee updated its legislative project on the market structure, while the SEC and CFTC coordinated on crypto-related issues. The agencies published a joint declaration clarifying their stance on facilitating trading of certain products. The SEC released its regulatory program for the upcoming year.
The developments, implications for companies, and updates on cryptographic law are discussed below. The Senate published an updated bill titled The Responsible Innovation Act, focusing on determining when digital asset transactions constitute securities transactions. The SEC and CFTC’s joint declarations aim to bring new financial products to the market, potentially shaping American financial markets for years to come. The SEC’s regulatory agenda includes areas impacting cryptography and hints at future developments.
Nasdaq submitted a proposal to the SEC regarding tokenizing stocks for blockchain trading, emphasizing the need for streamlined audit track rules. The Federal Reserve organized a conference on payments innovation, aiming to integrate blockchain into the financial system. Polymarket received a no-action letter from the CFTC, allowing it to offer event contracts without reporting certain data under US financial regulations. Crypto funding remains strong, with companies raising over $16 billion this year.
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