Nasdaq Proposes SEC Reform to Classify Crypto Assets

The Nasdaq has proposed a new framework for the Securities and Exchange Commission (SEC) regarding crypto asset classification. The proposal, spearheaded by John Zecca, Chief Regulatory Officer at Nasdaq, seeks to integrate digital assets into current market systems. This initiative aims to classify digital assets as securities, commodities, or other categories. Zecca stated, ‘While a stock by any other word would still be a stock, the existing market ecosystem can readily absorb digital assets by establishing the proper taxonomy and calibrating certain rules to reflect what is truly new and novel about digital assets.’