Nasdaq Suggests SEC Divide Digital Assets into Four Categories to Advance Clear Regulatory Framework

BlockBeats News, April 25th, according to a CoinDesk report, Nasdaq has suggested to the U.S. Securities and Exchange Commission (SEC) cryptocurrency working group in a letter to categorize digital assets into four major categories to clarify regulatory responsibilities. This is aimed at promoting the establishment of a clear regulatory framework in response to U.S. SEC Commissioner Hester Peirce's request for feedback on the future of crypto regulation.

Nasdaq proposed that digital assets should be classified based on their attributes as: security token assets tied to traditional securities, digital investment contracts that meet the Howey Test, digital asset commodities that meet the commodity definition, and "other digital assets" not falling into the previous categories.

The letter pointed out that the existing market can fully embrace the innovative features of digital assets by establishing reasonable classifications and adjusting rules to promote their orderly development within the regulatory system.