SEC proposes blockchain-based rules for transfer agents

SEC blockchain transfer agent tokenized securities financial regulation

The U.S. Securities and Exchange Commission (SEC) has proposed a major overhaul of transfer-agent rules, marking the first significant update to the framework since the late 1970s and early 1980s. The proposal aims to modernize regulations to accommodate blockchain technology, distributed ledger technology (DLT), and tokenized securities.

Under the new rules, blockchain networks could serve as official records for securities ownership and share transfers. This would allow regulated financial institutions a clearer path to using on-chain records within existing market infrastructure. The proposal also addresses the management of risks associated with smart contracts, artificial intelligence, and cybersecurity.

In addition to the transfer-agent updates, the SEC is reviewing custody rules for crypto assets and evaluating the possibility of 24-hour trading markets. A roundtable discussion on continuous markets, involving major entities like the NYSE and Nasdaq, is scheduled for September 17. The SEC and CFTC are also examining jurisdictional boundaries regarding crypto derivatives, such as perpetual futures.

Entities

Commodity Futures Trading Commission · Hester Peirce · Paul Atkins · Securities and Exchange Commission · Securitize · U.S. Securities and Exchange Commission

Claims

What the coverage asserts, and how many sources carry each claim.

[● 10 SOURCES] The SEC has proposed new rules to modernize transfer agent regulations to include blockchain and tokenized securities. www.blockmedia.co.kr · www.crypto-insiders.nl · koinbulteni.com · www.tokenpost.kr · defirate.com · +5 more
[● 7 SOURCES] A 60-day public comment period has been opened for the proposed rules. www.crypto-insiders.nl · koinbulteni.com · defirate.com · unchainedcrypto.com · bitcoinethereumnews.com · +2 more
[● 3 SOURCES] The SEC is evaluating the possibility of allowing transactions to occur 24 hours a day in the US. koinbulteni.com · defirate.com · unchainedcrypto.com
[● 4 SOURCES] The proposed updates cover registration, record-keeping, asset protection, and securities transfers. www.blockmedia.co.kr · www.tokenpost.kr · bitcoinethereumnews.com · unchainedcrypto.com
[○ 1 SOURCE] The SEC is reviewing modernization of custody rules to address crypto asset storage for investment advisers. www.tokenpost.kr
[● 7 SOURCES] Current transfer agent regulations have remained largely unchanged since the late 1970s and early 1980s. www.blockmedia.co.kr · www.crypto-insiders.nl · defirate.com · bitcoinethereumnews.com · blockchainreporter.net · +2 more
[○ 1 SOURCE] The SEC and CFTC are reviewing jurisdictional boundaries and definitions for crypto derivatives, including perpetual futures. www.tokenpost.kr
[○ 1 SOURCE] Commissioner Hester Peirce suggested exploring digital wallet addresses as alternative identifiers for security holders. koinbulteni.com