SEC Commissioner Reveals Consideration of DLT Securities Trading Exemption Plan

According to Gate.io News bot, as reported by Wu, SEC commissioner Hester Peirce published an article indicating that the SEC is studying an exemption order related to the application of Distributed Ledger technology (DLT) in the areas of securities issuance, trading, and Settlement.

According to the exemption order, enterprises will be allowed to trade qualified tokenized securities through an innovative trading system. Institutions that obtain exemption eligibility must comply with market integrity conditions to prevent fraud and market manipulation.

In addition, the exemption conditions also include: disclosing important information to users regarding platform products, services, operations, conflicts of interest, and risks; complying with record-keeping and reporting systems; accepting supervision and inspections by SEC staff; and having sufficient operating funds.

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