On April 25, according to CoinDesk's report, Nasdaq suggested in a letter to the SEC's cryptocurrency working group to divide digital assets into four categories to clarify regulatory responsibilities. This move aims to promote the establishment of a clear regulatory framework and respond to SEC Commissioner Hester Peirce's request for comments on future crypto regulation.
Nasdaq proposed that digital assets should be categorized based on their attributes: financial securities tied to traditional securities, digital investment contracts that comply with the clarified Howey Test, digital asset commodities that meet the definition of commodities, and "other digital assets" that do not fall into the aforementioned categories.
The letter pointed out that existing markets can fully accommodate the innovative characteristics of digital assets by establishing reasonable classifications and adjusting rules, thereby promoting their orderly development within the regulatory system.
