SEC’s new guidance clarifies crypto regulations, enhancing institutional adoption. Chainlink helped shape SEC guidance, introducing “unified golden records” and compliance. SEC’s update permits transfer agents to use blockchain for secure, compliant recordkeeping. The SEC released new guidelines on May 15 that might encourage institutions to invest in digital assets. This change details the existing securities laws that apply to broker-dealers and transfer agents in the crypto sector. Such changes mirror a move to larger crypto adoption within the traditional financial industry, mainly for compliance and record management. SEC’s new FAQ discusses key questions on how current regulations treat cryptocurrencies. Hester Peirce said the guidance is just “incremental” and more thorough updates will be released later. She stated : Nonetheless, given the uncertainty in the market regarding the application of our rules to crypto generally, I am pleased that the staff has issued these helpful FAQs. Chainlink recognized it as a major development for the industry. The company stated that this update addresses past problems institutions had encountered whe… The post SEC’s New Crypto Guidelines: How Chainlink Influenced the Future of Blockchain appeared first on Coin Edition .
