Nasdaq President Welcomes SEC's Shift on Crypto Regulation

Nasdaq's President Tal Cohen recently expressed his views on the impact of the SEC's new crypto stance at Consensus in Miami.

Cohen emphasized that the more proactive and constructive approach by the Securities and Exchange Commission (SEC) is giving market operators room to experiment with blockchain-based infrastructure and tokenized assets. He stated that this shift has led to a sense of relief, allowing companies to 'build' again after years of regulatory uncertainty.

Nasdaq is investing in various technologies, including blockchain infrastructure, tokenization, and artificial intelligence, as part of its transition toward 'always on' trading systems. These systems aim to operate nearly around the clock and facilitate faster movement of money, securities, and collateral compared to traditional infrastructure.

Cohen highlighted interoperability between legacy and digital platforms as a key hurdle for the industry. He noted that companies do not want to operate separate infrastructures for traditional securities and tokenized assets. Nasdaq is working to bring these systems together, offering the benefits of both worlds.