Nasdaq welcomes SEC's deregulation of cryptocurrencies but seeks clarification of securities classification

In a comment letter submitted to the SEC on April 25, the US stock exchange Nasdaq argued that digital assets, including virtual currencies, should be treated with the same regulatory standards as securities if they are "stocks with different names." Nasdaq welcomes the new administration and the SEC's shift to deregulating virtual currencies, and evaluates that the SEC's guidance on meme coins and asset-backed stable coins has significantly advanced the discussion.

Nasdaq believes that just as the US securities market has thrived through numerous technological innovations and transformations in the past, digital assets can also be integrated into the existing market ecosystem with appropriate classification and rule adjustments...