SEC proposal could mandate crypto venue registration
Updates to Reg ATS would classify “communications protocol systems” as exchanges
A Securities and Exchange Commission proposal to widen the scope of rules governing alternative trading systems (ATS) could require cryptocurrency and blockchain-based platforms to register with the regulator.
Proposed changes to Regulation ATS would expand the definition of an exchange, and two former SEC lawyers tell Risk.net that the impact could be broad.
“[It could] bring in not only platform systems that enter trades of traditional securities, such as stocks, government securities and
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