Crypto Securities Push: Nasdaq Urges SEC

Nasdaq Recommends SEC to Classify Certain Crypto Tokens as Securities

• Nasdaq suggests the SEC regulate specific crypto tokens similar to traditional securities.
• The SEC is reviewing the classification of crypto assets under new leadership.
• On April 25, 2025, Nasdaq proposed identical regulatory standards for digital and paper-based tokens.
• Nasdaq calls for a distinct category for digital asset investment contracts to streamline regulations.
• The SEC plans to reassess guidelines related to the “Howey Test” for cryptocurrencies.

Nasdaq’s proposal on April 25, 2025, emphasizes regulating certain crypto assets like traditional securities, potentially impacting how these digital markets are overseen.