Nasdaq Urges SEC to Prioritize Crypto Classification in Future Regulations

Nasdaq has submitted a detailed proposal to the U.S. Securities and Exchange Commission, advocating for a clear taxonomy to classify digital assets into four distinct categories. The exchange operator argues that precise labeling is critical for regulatory clarity and effective oversight.

In a 23-page letter addressed to the SEC’s crypto task force, Nasdaq emphasized that while traditional securities like stocks have well-defined frameworks, digital assets require tailored rules that acknowledge their unique characteristics. The proposal responds directly to Commissioner Hester Peirce’s call for industry input on shaping future crypto regulations.

The four proposed categories remain unspecified in the available excerpt, but the document suggests this classification system would determine regulatory jurisdiction and appropriate oversight mechanisms. Nasdaq’s approach aims to bridge the gap between existing financial infrastructure and emerging digital asset markets.