SEC Proposes Landmark Transfer Agent Modernization
The U.S. Securities and Exchange Commission issued a proposal to overhaul transfer agent rules that have remained largely unchanged since the 1980s. The modernized framework addresses blockchain-based recordkeeping, tokenized securities, and increasingly automated market infrastructure, signaling regulatory acknowledgment that on-chain settlement and digital asset infrastructure require updated guardrails.
Alongside the transfer agent proposal, the SEC announced a roundtable to examine 24-hour round-the-clock U.S. trading mechanisms, indicating the agency is weighing operational frameworks for continuous market activity. The dual initiatives suggest the commission is working to establish rules that neither stifle blockchain innovation nor leave securities infrastructure outdated.
Trump Administration Alignment with Crypto Markets
Donald Trump Jr.-linked investment firm 1789 Capital is leading a reported $1 billion funding round for Polymarket, a prediction market platform, at a $21 billion valuation. 1789 Capital is contributing approximately $300 million to the round, which would represent a significant increase from Polymarket's prior $15 billion valuation, according to reports.
