SEC Proposes Landmark Update to Transfer Agent Rules for Blockchain Era

The U.S. Securities and Exchange Commission (SEC) has proposed a historic update to transfer agent rules that have been in place since the 1970s.

The current rules, which have not seen significant changes for decades, are being revamped to accommodate the growing use of blockchain technology and artificial intelligence in the financial industry.

This move is part of the SEC's efforts to modernize regulations and ensure that they align with the evolving landscape of finance and technology.