Blockchain Association Files Comment Letter to SEC

Today, the Blockchain Association submitted a comment letter to the SEC, advocating for the rescindment of outdated provisions within Regulation NMS, specifically Rules 611 and 610(e). They emphasize that current market rules should promote innovation rather than rely on outdated frameworks. This move could facilitate the integration of modern trading technologies and practices in the crypto landscape. For further details, refer to their official tweet.

Inside the Move

The Blockchain Association’s comment letter to the SEC highlights the need to update regulations that were established over two decades ago. They stress that the existing rules do not align with current technological advancements in trading, particularly with the rise of tokenized securities. The letter encourages the SEC to modernize best execution guidance and recognize that on-chain trading can meet regulatory requirements. This call to action is crucial as the crypto market increasingly seeks to evolve beyond traditional financial infrastructures.

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