SEC New Crypto Guidelines: Chainlink’s Influence on Blockchain
The post SEC New Crypto Guidelines: Chainlink’s Influence on Blockchain appeared on BitcoinEthereumNews.com. SEC’s new guidance clarifies crypto regulations, enhancing institutional adoption. Chainlink helped shape SEC guidance, introducing “unified golden records” and compliance. SEC’s update permits transfer agents to use blockchain for secure, compliant recordkeeping. The SEC released new guidelines on May 15 that might encourage institutions to invest in digital assets. This change details the existing securities laws that apply to broker-dealers and transfer agents in the crypto sector. Such changes mirror a move to larger crypto adoption within the traditional financial industry, mainly for compliance and record management. SEC’s new FAQ discusses key questions on how current regulations treat cryptocurrencies. Hester Peirce said the guidance is just “incremental” and more thorough updates will be released later. She stated: Nonetheless, given the uncertainty in the market regarding the application of our rules to crypto generally, I am pleased that the staff has issued these helpful FAQs. Chainlink recognized it as a major development for the industry. The company stated that this update addresses past problems institutions had encountered when using public blockchains for compliance. The new guidelines designed by the SEC will help those interested in using blockchain. Chainlink contributed to the development of the new guidance from behind the scenes. In March, members of Chainlink Labs attended gatherings with the SEC’s Crypto Task Force. The sessions proved how smart contracts and privacy technologies can comply with securities regulations. The content of this guide apparently contributed to including terms such as “unified golden records” and “smart-contract-driven compliance” in the updated SEC guidance documents. SEC Eases Digital Asset Rules for Broker-Dealers The new guidelines from the SEC inform financial organizations how to handle crypto assets such as Bitcoin and Ethereum. According to this, broker-dealers who hold non-security assets do not have to follow the safety requirements listed in Rule 15c3-3. This makes it…
The post SEC New Crypto Guidelines: Chainlink’s Influence on Blockchain appeared on BitcoinEthereumNews.com.
SEC’s new guidance clarifies crypto regulations, enhancing institutional adoption. Chainlink helped shape SEC guidance, introducing “unified golden records” and compliance. SEC’s update permits transfer agents to use blockchain for secure, compliant recordkeeping. The SEC released new guidelines on May 15 that might encourage institutions to invest in digital assets. This change details the existing securities laws that apply to broker-dealers and transfer agents in the crypto sector. Such changes mirror a move to larger crypto adoption within the traditional financial industry, mainly for compliance and record management. SEC’s new FAQ discusses key questions on how current regulations treat cryptocurrencies. Hester Peirce said the guidance is just “incremental” and more thorough updates will be released later. She stated: Nonetheless, given the uncertainty in the market regarding the application of our rules to crypto generally, I am pleased that the staff has issued these helpful FAQs. Chainlink recognized it as a major development for the industry. The company stated that this update addresses past problems institutions had encountered when using public blockchains for compliance. The new guidelines designed by the SEC will help those interested in using blockchain. Chainlink contributed to the development of the new guidance from behind the scenes. In March, members of Chainlink Labs attended gatherings with the SEC’s Crypto Task Force. The sessions proved how smart contracts and privacy technologies can comply with securities regulations. The content of this guide apparently contributed to including terms such as “unified golden records” and “smart-contract-driven compliance” in the updated SEC guidance documents. SEC Eases Digital Asset Rules for Broker-Dealers The new guidelines from the SEC inform financial organizations how to handle crypto assets such as Bitcoin and Ethereum. According to this, broker-dealers who hold non-security assets do not have to follow the safety requirements listed in Rule 15c3-3. This makes it…
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