The U.S. SEC has taken some steps to provide clarity to blockchain companies, but it’s widely believed that the agency has not been active enough with respect to providing regulation. Now the securities regulator is apparently interested in engaging an “enterprise-wide data subscription for blockchain ledger data.”
According to the notice on FedBizOpps.gov:
“The United States Securities and Exchange Commission…intends to procure a commercially available off-the-shelf (COTS) enterprise-wide data subscription for blockchain ledger data to support its efforts to monitor risk, improve compliance, and inform Commission policy with respect to digital assets.”
The SEC is interested in data on the Bitcoin and Ethereum blockchains, among other leading chains, according to the Request for Quote:
Is Time Running Out for the U.S. on the Blockchain?
Congressman Warren Davidson, among other lawmakers, believes that the U.S. should come up with clearer guidelines so that companies can begin adhering to the new regulations. In fact, Minnesota Congressman Tim Emmer believes that the blockchain might be essential to making sure that the U.S. stays ahead of other countries technologically. He points out that blockchain may dramatically change the way that people live, previously stating:
“This stuff has the potential to completely decentralize the way we live and make the individual central to the way they live their life.”