Nasdaq Proposes Clear Classification for Digital Assets to SEC

According to Odaily, Nasdaq has sent a letter to the U.S. Securities and Exchange Commission (SEC) suggesting the establishment of a clear taxonomy for digital assets in the United States. The proposal aims to define four major categories of digital assets to facilitate regulatory clarity. Nasdaq believes that precise classification will help determine the responsible regulatory bodies, with securities-related assets falling under the SEC's jurisdiction and commodity-related assets under the Commodity Futures Trading Commission (CFTC). Additionally, Nasdaq recommends that both regulatory agencies develop trading rules applicable to multiple categories of digital assets.