El Salvador Proposes Cross-Border Crypto Sandbox to SEC

El Salvador is pushing for closer collaboration with U.S. regulators on cryptocurrency oversight. The country’s National Commission on Digital Assets (CNAD), alongside Perkin Law Firm and former Goldman Sachs executive Heather Shemilt, has pitched a cross-border regulatory sandbox to the SEC. The initiative would stream real-time data from El Salvador’s regulated crypto activities to American watchdogs, offering a shared window into small-scale tokenization projects under the Central American nation’s digital asset framework. CNAD has already tested its risk matrix and regulatory model through live experiments—particularly in real estate—drawing interest from global market participants. The proposal signals El Salvador’s ambition to position itself as a laboratory for crypto innovation while bridging gaps with traditional financial oversight.