THE Nasdaq is the second largest scholarship in the world, and it seems that he might want to add Bitcoin and cryptocurrency trading to its services.
There is nothing official yet, but a Recent company initiative seems to be heading in this direction.
On the other hand, it is perfectly logical that Traditional exchanges like the Nasdaq will ultimately offer crypto trading, since they already offer trading in Cryptographic derivatives like ETF.
Nasdaq's initiative: Bitcoin Trading could become a reality
A few days ago, the Nasdaq executive vice-presidentand head of global law, risk and regulation, John A. Zeccasent a long open letter To the secretary of the Sec, Vanessa Countrymanin which he asked the agency put an end once and for all to the question of the nature of cryptocurrency As titles or products.
The key problem covered by Zecca is the Regulation of digital assetsand therefore the Dry guidelines for example on stable and even.
It all starts from recent declarations of Commissioner Peirce de la secthe so-called “Crypto mom”according to whom the taxonomy is precisely the starting point to grasp the essential nature of digital assets, and thus be able to determine their correct treatment as financial instruments in accordance with the law.
Zecca underlines that he should be a kind of teamworkbecause the regulations must be produced by the Congresswhile the SECOND will then be responsible for Concrete guidelines.
Finally, this adds that the Nasdaq is available to the dry For any questions concerning this question.
The content of the letter
The content of this open letter is long and technical.
The objective, however, is clear: To equip the United States with a regulatory framework which allows cryptographic trading even on platforms like NASDAQ.
In fact, the company has proposed a new full regulatory framework intended for Integrate digital assets in the existing American capital markets.
Currently, in fact, the real cryptocurrency trading in the United States can only be done on Cryptography exchangesand not on Traditional exchanges like the Nasdaq. On traditional exchanges, in fact, there is only Crypto derivatives as ETFBut not the real tokens that can be deposited and removed as BTC, ETH, etc.
The frame proposed by Nasdaq provides a Distinction of cryptocurrencies in four taxonomiesnamely Financial securities, investment contracts, basic products and other.
In addition, he also suggests establishing a New specialized trading place (ATS) called “ATS-Numeric” or “ATS-D”.
In this way, even the Traditional exchanges could decide to open theirs Nummerical Ats And As much as cryptographic trading.
The evolution of the landscape of American cryptography
Until the inauguration of new Trump administrationOn January 20, the SECOND would never have considered such a hypothesis, even if it had been proposed by the Nasdaq. To be honest, on the other hand, to date, the Nasdaq had never ventured so far.
One of the key points of this question is the Limited knowledge of Congress deputies and senators Regarding these new and complex problems.
Since the Congress has already been working for some time New regulationswhose approval process was effectively blocked during Biden The administration, it is obvious that to continue, he will have to count on those who know many questions.
This means that on the one hand, the government agencies that supervise the financial markets, as Dry and CFTCwill certainly be consulted, while on the other hand, the exchange platformsas Nasdaq or Jammingwill also have to be involved.
Obviously, there is no converging interest among all these parts, but in the end, it is likely that compromise will be reached. However, it remains to be seen if the compromise will be fair or biased, and if it is biased, it will be necessary to understand in which direction.
To tell the truth, under the current Amministrazione Trumpa possible move to cryptographic markets Seems more likely that for the more conservative positions of the congress or agencies, also because it is a revolution that can hardly be arrested.
In addition, if a Pillar of traditional finance like the Nasdaq intervenes in favor of cryptographic markets, the probabilities that the The new regulations will be favorable to cryptocurrencies seem to increase.
