1/ Today, we submitted our response to SEC Commissioner Peirce's "There Must Be Some Way Out of Here" request for input on trading-related topics (focusing most of our response on questions 15-19 in the RFI). Here’s Peirce’s post from Feb:

1/ Today, we submitted our response to SEC Commissioner Peirce's "There Must Be Some Way Out of Here" request for input on trading-related topics (focusing most of our response on questions 15-19 in the RFI). Here’s Peirce’s post from Feb:

https://www.sec.gov/newsroom/speeches-statements/peirce-statement-rfi-022125

Head of Legal @ Blockchain Association. Casts not legal advice. 

Author of @ The Undefined on Substack. 

3/ We outline the key innovations in crypto trading that the SEC should consider when making key regulatory updates. For instance, the SEC should recognize the benefits of disintermediation, real-time settlement, and reduced costs.

4/ We describe the importance of side-by-side trading and also recommend the SEC provide guidance concerning best execution that focuses on "reasonable diligence", with enhanced transparency through disclosure requirements rather than prescriptive order-protection rules.

5/ The SEC should leverage blockchain's inherent transparency through open-source data and exchange APIs for regulatory surveillance, while avoiding unnecessary collection of personal information. I wrote about these privacy risks last June:

5/ The SEC should leverage blockchain's inherent transparency through open-source data and exchange APIs for regulatory surveillance, while avoiding unnecessary collection of personal information. I wrote about these privacy risks last June:

https://www.coindesk.com/opinion/2024/06/05/cryptos-latest-privacy-battle

6/ The Commission has successfully adapted its rules for new technologies in the past. We urge a similar approach for crypto that balances innovation with investor protection, ensuring US leadership in digital asset markets.

end/ Read our full response here: https://theblockchainassociation.org/wp-content/uploads/2025/05/Blockchain-Association-Response-to-Trading-RFIs.pdf

2/ At a high level, our letter advocates for a flexible and fit-for-purpose approach to regulating crypto asset trading. The Commission should recognize how blockchain technology enables new trading, clearing, settlement, and custody methods that promote greater efficiency and safety.