Digital Chamber Pushes SEC for Regulatory Flexibility in Tokenized Securities and Blockchain Records
TL;DR: Formal request: The Digital Chamber submitted a formal comment letter to the U.S. Securities and Exchange Commission (SEC) outlining eight recommendations to adapt transfer agent rules to distributed networks. Registry control: The association requested that on-chain ledgers be permitted to constitute the official master securityholder file without requiring mandatory off-chain duplicates. Opposition to regulatory gatekeeping: The trade group opposed the proposal requiring transfer agents to proactively determine whether certain transactions violate Section 5 of the Securities Act of 1933. The Digital Chamber has formally requested that the SEC provide greater technical flexibility for managing tokenized securities under federal regulations...
