Ironlight Markets received FINRA approval to launch a tokenized ATS, enabling efficient trading of traditional and tokenized securities with on-chain settlement. This development may encourage broader blockchain adoption in finance.

Written by: Dr.404 The focus of this article is on structure and logic, without delving into detailed legal provisions. Neither of us is a lawyer, and arguing over legal details is just a pointless exchange. I may also make mistakes, so feel free to point them out. The content is based on my research and inferences, and may not necessarily align 100% with the compliance framework design of the project; everyone can make their own judgment. After reading Mr. Ni's article, I feel that mixing different things together may mislead everyone, so I would like to share my views. First, I would like to mention a few points in Mr. Ni's original text that I do not agree with. 1. The focus should not be on the assumption of MyStonks "If we want to publicly operate a security token exchange in the United States" because it is currently not open to U.S. residents, it is only for non-U.S. sales, so discussing Broker and ATS qualifications is meaningless.

Key Points: SEC meets Nasdaq, Plume, Etherealize for regulatory sandbox discussion. Focus on securities tokenization frameworks. Proposal of new trading venue ATS-Digital by Nasdaq. The U.S. SEC recently held discussions with Nasdaq, Plume Network, and Etherealize to explore regulatory frameworks

The SEC is reassessing DeFi regulations due to industry concerns about compliance costs and innovation. Industry leaders push back against including DeFi platforms in the Regulation ATS. The SEC aims to create clear rules alongside the CFTC for digital asset oversight, signaling a move towards a balanced regulatory framework for cryptocurrencies.

KeyTakeaways: SEC Chair Uyeda reviews proposed DeFi regulation after industry pushback on compliance burden Proposed Regulation ATS could have classified DeFi as regulated exchanges, raising concerns SEC’s shift under Uyeda signals more relaxed stance on crypto regulation, easing