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ARTICLE · 07 FEBRUARY 2022

Back Door To Crypto Regulation?

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The 654-page proposal, which does not mention crypto, arguably includes a definition that may include certain crypto services.

United StatesTechnology
Daniel J. Davis
Daniel J. Davis
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Do you consider a crypto platform or service to be "a system that offers protocols and the use of non-firm trading interest to bring together buyers and sellers of securities"? If so, then the SEC's new proposed rulemaking regarding Regulation ATS merits your attention. The 654-page proposal, which does not mention crypto, arguably includes a definition that may include certain crypto services. Commissioner Peirce, in dissenting from the proposed rule, noted this possibility.  Once the rule is published in the Federal Register, the public will have only 30 days  to provide comments. The SEC over the past year has significantly shortened the comment period for its rules, making it more difficult for the public to review and provide meaningful comment. If you want to make a meaningful comment to this or any other rulemaking, act quickly and consider:

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