CoinScoopa16z Proposes 1998 ATS Framework for Crypto Trading Platform Regulation
a16z and the DeFi Education Fund (DEF) submitted a proposal to the US SEC suggesting the 1998 Alternative Trading System (ATS) framework as a model for regulating crypto asset trading platforms (CTP). The proposal advocates for a notice-filing registration process, allowing platforms to trade both crypto securities and non-securities, and utilizing blockchain for record-keeping to prevent market fragmentation.
Summaries are written by AI from the original article. Not investment advice.