Nasdaq Urges SEC to Classify Certain Cryptocurrencies as Securities

Nasdaq has formally requested the U.S. Securities and Exchange Commission to treat specific digital assets as traditional financial securities. The April 25 submission argues for applying equity market frameworks to qualifying cryptocurrencies, potentially accelerating their integration into mainstream finance.

The proposal excludes memecoins and payment-focused stablecoins, reflecting a nuanced approach championed by SEC Commissioner Paul Atkins. Regulatory clarity could unlock institutional participation while maintaining distinct oversight for utility tokens.

Market infrastructure players increasingly view cryptoasset classification as pivotal for developing compliant trading venues and custody solutions. This move follows growing recognition of digital assets’ role in modern portfolio construction.