Nasdaq Demands Clear Regulations to Guide SEC’s Crypto Classification

Nasdaq has formally urged the U.S. Securities and Exchange Commission (SEC) to establish definitive regulatory frameworks for digital assets, emphasizing the need for clear classification—particularly as financial securities. The move aims to harmonize oversight between crypto assets and traditional markets.

The exchange giant’s April 25 submission to the SEC signals a pivotal shift in institutional engagement with cryptocurrency regulation. Nasdaq’s proposal includes jurisdictional clarity between the SEC and CFTC, potentially reshaping oversight of memecoins and stablecoins.

Market participants view this as a watershed moment for institutional adoption. Regulatory certainty could accelerate Wall Street’s embrace of digital assets while mitigating the compliance ambiguities that have long plagued the sector.