NASDAQ suggests that the US SEC classify digital assets into four categories and promote the establishment of a clear regulatory framework

On April 25th, according to CoinDesk, Nasdaq proposed in a letter to the US Securities and Exchange Commission's (SEC) Cryptocurrency Working Group to classify digital assets into four major categories to clarify regulatory responsibilities. This move aims to promote the establishment of a clear regulatory framework in response to SEC Commissioner Hester Peirce's solicitation of opinions on future cryptocurrency regulation. Nasdaq proposes that digital assets should be classified based on their attributes into financial securities assets linked to traditional securities, digital investment contracts that meet the clarified version of the Howe test, digital asset products that meet the definition of commodities, and "other digital assets" that do not fall into the aforementioned categories. The letter pointed out that the existing market can fully absorb the innovative characteristics of digital assets by formulating reasonable classification and adjustment rules, thereby promoting their orderly development in the regulatory system.