SEC Gives Green Light to Digital Securities Trading
The Securities and Exchange Commission (SEC) has given the green light for digital versions of securities to start trading in the US. This move follows a plan that could reshape traditional market structure after crypto legislation failed a key Senate vote on Tuesday.
The guidance for the five-year plan indicates that market regulators are ready to follow through on their promise and move forward with digital asset regulation. The exemption would provide a boost to crypto firms eager to tap into US markets, but many in the industry have expressed concerns that a future administration could claw it back without legislation.