Nasdaq Urges Clear Digital Asset Categories in SEC Crypto Letter
Nasdaq, the operator behind one of the U.S.'s top stock exchanges and a major crypto index, is pushing regulators to define digital assets into four distinct categories.
This suggestion came in a detailed 23-page letter to the Securities and Exchange Commission’s (SEC) crypto task force.
The exchange argued that a clear taxonomy would help determine which agency should oversee each type of asset, avoiding confusion over regulatory roles.
Adapting Traditional Markets for Crypto
In its letter, Nasdaq emphasized that traditional markets could easily accommodate digital assets — but only with proper adjustments.
“While a stock by any other name would remain a stock, what’s new about digital assets must be carefully considered,” Nasdaq wrote.
By adjusting certain rules, the existing financial system can evolve without disrupting market integrity, the company added.
Answering the SEC’s Call for Input
Nasdaq’s comments come in response to an open call from SEC Commissioner Hester Peirce. She invited market players to share ideas on how future crypto regulations should take shape.
By proposing a structured approach, Nasdaq hopes to help regulators manage the fast-evolving crypto space with greater clarity and efficiency.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
