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Nasdaq Executive Says Friendlier SEC Is Opening Space for Crypto Experimentation

According to Tal Cohen, a more constructive SEC stance is giving crypto firms room to experiment, while Nasdaq is investing in always-on infrastructure, tokenization, and AI amid ongoing interoperability challenges.

Summary

Nasdaq President Tal Cohen said the U.S. Securities and Exchange Commission’s stance on crypto is becoming more constructive, creating room for firms to build and experiment in regulatory gray areas. Speaking at Consensus, Cohen said Nasdaq is investing in always-on market infrastructure, tokenization, and artificial intelligence. He also said the biggest obstacle facing the industry is interoperability between traditional financial platforms and digital asset systems.

Terms & Concepts
  • Tokenization: The process of representing an asset as a blockchain-based token, which can support digital trading, transfer, and ownership records.
  • Interoperability: The ability of different systems or platforms to work together and exchange data or assets efficiently, a key issue between traditional finance and digital asset markets.
  • SEC: The U.S. Securities and Exchange Commission, the main regulator overseeing U.S. securities markets and many crypto-related enforcement and registration issues.