Lookonchain APP

App Store

SEC Commissioner Seeks Public Input on National Securities Exchange Trading of Crypto Assets

2025.12.18 08:19:08

**SEC’s Peirce Seeks Input on Crypto Asset Trading Rules for Regulated Platforms** December 18 — On December 17, SEC Commissioner Hester Peirce released a statement alongside new FAQs from the Division of Trading and Markets, soliciting broad feedback on trading cryptographic (crypto) assets on National Securities Exchanges (NSEs) and Alternative Trading Systems (ATSs). The statement centers on trading and clearing arrangements for security and “security-non-security crypto asset” trading pairs. Peirce noted SEC staff are prepared to collaborate with market participants to enable compliant trading pairs on regulated platforms. She emphasized the market has a pressing need for clearer market structure rules to protect investors, maintain order, and avoid unnecessary regulatory burdens on innovation. Peirce specifically questioned whether 1998’s Regulation ATS and Regulation NMS are already outdated amid crypto assets and blockchain technology. Key feedback topics include: - How to reduce entry barriers for crypto asset securities and trading pair platforms to spur innovation - Whether current Reg NMS and Reg ATS impose disproportionate compliance costs on crypto trading - The need for a dedicated Form ATS for “Crypto ATS” or adjustments to the existing disclosure regime - Whether Crypto ATS disclosures should remain non-public or include SEC review/public disclosure - The relevance of retaining the Form ATS-R quarterly reporting requirement with blockchain/on-chain traceable data - The need for a compliant method to convert non-dollar assets to U.S. dollars - How to address trade information confidentiality, system risk controls (Rule 15c3-5), and Reg SCI system compliance requirements - How to avoid hindering individual software development, automated trading, or decentralized trading via regulation Peirce stressed these issues will inform the SEC’s Crypto Working Group’s subsequent policy development. Regulators also welcome broader suggestions to improve the overall regulatory framework for NSEs and ATSs. The market views the statement as another signal of relative openness within the SEC toward structural reforms for crypto asset trading.
Relevant content

Polymarket will distribute a $1 million liquidity reward tomorrow and enable a rebate mechanism

On April 28, Polymarket announced via official sources that it will distribute $1 million in total liquidity rewards for the CLOBv2 migration day tomorrow. During the event, $500,000 of the rewards will be allocated in the first two hours post-migration, with the remaining $500,000 distributed for the rest of the period. Once migration is complete, all eligible markets will activate a fee rebate mechanism.

12 minutes ago

ZetaChain has announced that the GatewayEVM contract has been attacked and has suspended cross-chain transactions.

April 28 – ZetaChain announced today that its GatewayEVM contract was targeted in an attack, though the incident only impacted the project’s internal team wallets, per official sources. The team has blocked the attack vector to prevent further fund risks and plans to release a detailed post-attack analysis report once the investigation wraps up. As a precautionary measure, ZetaChain has temporarily suspended cross-chain transactions at this time. The investigation remains ongoing, and no user funds have been affected by the attack as of now. Current status updates can be tracked on the project’s dedicated status page.

12 minutes ago

Sky announced that it is building Laniakea, aiming to create institutional-grade on-chain capital allocation infrastructure

April 28th — Official sources confirm Sky has announced it’s building **Laniakea**, a standardized infrastructure framework for deploying institutional capital to its Sky Agent Network. Currently, the Sky Protocol manages over $110 billion in circulating USDS supply, generating revenue from DeFi lending, private credit, and compliant real-world asset (RWA) strategies. Laniakea will serve as the underlying backbone to boost capital allocation scalability and efficiency, further driving institutional adoption of on-chain finance. The project targets two key pain points: over $300 billion in idle stablecoin funds and a lack of unified infrastructure. Laniakea will standardize across four core areas: 1. Smart contracts 2. Risk & governance 3. Data infrastructure 4. Legal compliance This lets new capital products skip rebuilding underlying frameworks, enabling modular expansion and scalable deployment. It also uses unified risk metrics and loss-layering mechanisms to ensure

12 minutes ago

U.S.-Iran Negotiations Stalled, Bitcoin Slightly Down, NVIDIA Hits All-Time High

On April 28th, per HTX market data: Iran offered an olive branch, stating it would prioritize opening diplomatic channels before discussing nuclear issues. Former President Trump did not outright reject the overture but expressed deep skepticism about Tehran’s sincerity in negotiations, with his core demands remaining unchanged. Bitcoin saw a minor dip, dropping below $77,000 at one point. It’s currently trading at $77,046, down 1.7% over the past 24 hours. Total liquidations across the network hit $395 million in the same period, with long positions accounting for $281 million and short positions $114 million. Per Bitget market data: U.S. stock markets closed mixed on Monday. The Dow Jones Industrial Average ended down 0.1%, the S&P 500 Index rose 0.1%, and the Nasdaq Composite added 0.2%. NVIDIA (NVDA.O) closed up 4%, notching a new all-time high, with a closing market capitalization of $5.2 trillion.

12 minutes ago

WSJ: Trump Skeptical of Iran's Proposal, But Doesn't Reject Outright

April 28 — Per The Wall Street Journal, U.S. officials say President Trump and his national security team are skeptical of Iran’s latest proposal. The plan calls for Iran to keep the Strait of Hormuz open and pause talks on its nuclear program. Trump reviewed the proposal with aides Monday morning local time. Officials note he did not reject it outright but raised concerns about Iran’s good faith and willingness to meet his core demands. Trump’s key demands: Iran halt nuclear enrichment and commit to never building nuclear weapons. Officials add the U.S. will continue negotiating with Iran, and the White House may release a response and counterproposal in the coming days.

12 minutes ago

White House Correspondents' Dinner Shooter Charged with Attempted Assassination of U.S. President

April 28. A California man named Cole Allen, the suspect in the White House Correspondents' Association (WHCA) dinner shooting, appeared in federal court in Washington, D.C., on the afternoon of April 27 local time. He faces three charges: attempting to assassinate the U.S. president, transporting firearms across state lines, and using a firearm in a violent crime. If convicted, the charge of attempting to assassinate the president alone carries a maximum sentence of life imprisonment. Allen did not enter a plea at the hearing; he was only informed of the charges against him. The judge ordered Allen detained pending the case proceedings. His detention hearing is scheduled for the morning of April 30 local time, with a preliminary hearing set for the afternoon of May 11.

12 minutes ago