Nasdaq has communicated to the U.S. Securities and Exchange Commission (SEC) that a precise taxonomy for digital assets is essential for future crypto regulation. In a letter to the SEC's crypto task force, Nasdaq recommended classifying digital assets into four categories: financial securities, digital asset investment contracts, digital asset commodities, and other digital assets that do not fit existing definitions. This structured approach aims to clarify regulatory responsibilities between the SEC and the Commodity Futures Trading Commission (CFTC). Nasdaq emphasized that digital financial securities should be regulated like traditional securities, urging regulators to consider safety measures for firms managing comprehensive investor activities. The letter also proposed the creation of a crossover trading designation for platforms handling various asset types. Nasdaq highlighted its capabilities in supporting digital asset platforms worldwide, stressing the need for clear guidelines to ensure the market can responsibly integrate digital assets.

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