NASDAQ Seeks to Become First Major U.S. Exchange to Allow Trading in Crypto

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NASDAQ wasted little time seeking to capitalize on a new rulemaking agenda unveiled last week by the Securities and Exchange Commission that included amending its rules to allow trading of crypto on national exchanges. On Monday, the tech-heavy exchange filed a proposal with the commission to allow trading of stocks and exchange-traded products on its main electronic platform in “either traditional digital or tokenized form.”

If approved, it would be the first time tokenized securities were allowed to trade on a major U.S. stock exchange. Per Reuters, it would also represent the most ambitious attempt yet by U.S. exchange operator to bring blockchain-based settlement into the national market system.

“The agenda covers potential rule proposals related to the offer and sale of crypto assets to help clarify the regulatory framework for crypto assets and provide greater certainty to the market.,” SEC chair Paul Atkins said in…

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