Apr. 19, 2023
April 19, 2023 The proposed rule change would require systems that offer trading of crypto asset securities to register as a national securities exchange or comply with Regulation ATS. This would provide transparency, fair and orderly markets, and investor protections that apply to today's registered exchanges or ATSs, which in turn promotes capital formation, competition, and market efficiencies. The exchange regulatory framework would also ensure that these systems meet the same standards as traditional market infrastructures and financial firms. Overall, the rule change could provide a more regulated and trustworthy environment for trading crypto asset securities.