Nasdaq Suggests to SEC: Clear Classification of Crypto Assets is Key to Future Regulation

Nasdaq has sent a letter to the U.S. Securities and Exchange Commission (SEC) cryptocurrency team, suggesting that U.S. cryptocurrency regulation should establish a clear taxonomy of digital assets to help define four major categories of digital assets. Nasdaq believes that precise classification will help determine which institutions are responsible for regulation, noting that securities should be regulated by the SEC, while commodities should be regulated by the Commodity Futures Trading Commission (CFTC). Nasdaq also recommends that the two regulatory bodies establish platform trading rules applicable to multiple categories of digital assets. (CoinDesk)