Speaking before the “Special Competitive Studies Project AI+ Expo” today, Securities and Exchange Commission (SEC) Chair Paul Atkins outlined how his agency intends on updating its regulations for onchain markets.

What’s the Scoop?

• Modern Rules: In remarks delivered Friday, SEC Chair Atkins confirmed that his agency is evaluating formal rulemaking regarding how securities laws apply to onchain trading systems.

• Regulatory Expansion: According to Atkins, the SEC is already assessing when existing regulations governing “exchanges,” “broker-dealers,” and “clearing agencies” as defined by in-place securities laws should apply to blockchain-based trading protocols, software interfaces, and settlement infrastructure….