SEC Crypto Newsroom/
SEC Proposes to Modernize Rules for Registered Transfer Agents
The SEC has proposed updating rules for registered transfer agents to modernize the national clearance and settlement system, specifically incorporating electronic communications and blockchain technology for securities offerings and share transfers.
medium impactbullish
Read the original report at SEC Crypto NewsroomWhy It Matters
Modernizing legacy rules from the 1970s and 80s to include blockchain technology suggests a regulatory shift toward recognizing and integrating digital ledger technology in official securities settlement processes.