Fairmint calls for blockchain framework for private markets in SEC proposal

The proposal outlines a seven-step framework that includes real-time regulatory oversight and updates to investor accreditation standards.

Crypto-native companies are ramping up efforts to influence regulatory guidance on digital asset transactions. On Monday, transfer agent Fairmint proposed a framework to the United States Securities and Exchange Commission’s (SEC’s) Crypto Task Force targeting what it described as outdated and fragmented back-end infrastructure in private securities administration.

Submitted to SEC Chairman Paul Atkins and Commissioner Hester Peirce, Fairmint’s seven-part proposal targets standardizing infrastructure for interoperability across transfer agents, introducing real-time regulatory observability through blockchain and enabling investor self-custody with compliance safeguards.

It also calls for a shift to knowledge-based accreditation standards, moving away from traditional income and net worth thresholds, and for a regulated decentralized finance (DeFi) sandbox.

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