The SEC's cryptocurrency working group discusses security tokenization with Nasdaq and DeFi startups

According to ChainCatcher, as reported by CryptoSlate, the U.S. Securities and Exchange Commission (SEC) crypto working group met last week with Nasdaq, Plume Network, and Etherealize, focusing on the regulatory framework for public chain security tokenization.

The three parties proposed the establishment of a "regulatory sandbox" pilot: Nasdaq suggested creating a new trading venue called "ATS-Digital" to support the simultaneous listing of digital asset contracts and commodity tokens; Plume Network (based on Arbitrum) advocated for adapting decentralized finance terms to securities law; Etherealize called for the revision of transfer agent rules to recognize the legitimacy of blockchain as a shareholder registration system. Industry representatives demanded clear asset classification, the adoption of modular rules, and phased testing, but did not question the SEC's investor protection principles. The working group will evaluate the sandbox model, dedicated trading venues, and rule update proposals.

Previously, SEC Commissioner Mark Uyeda expressed support for the regulatory sandbox mechanism.