Bloomberg Law
Feb. 4, 2019, 6:34 PM UTC

SEC Asks Blockchain Users for Tips on How to Bolster Monitoring

Ben Bain
Ben Bain
Bloomberg News

The Securities and Exchange Commission is asking firms for information on how they monitor blockchain transactions as the regulator looks to bolster cryptocurrency oversight.

The SEC is interested in a data source that “extracts blockchain data and parses this data to make it easily reviewable,” the agency said in a request dated Jan. 31. The regulator, which has claimed jurisdiction over many initial coin offerings, said it was doing “market research” to help track risks, increase compliance and craft policies for digital assets.

Information being sought by the SEC includes:

  • Tracking data from widely-used blockchain ledgers, based on transaction volumes ...

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