Photo of William Kane

William Kane is a partner in the Business Trial Practice Group in the firm's Chicago office.

On January 26, 2022, the SEC released a rulemaking proposal intended to enhance investor protections and cybersecurity for alternative trading systems that trade treasuries and other government securities.[1]  The 650 page proposal contains over 220 separate requests for comments (with many requests containing multiple sub-parts).  The comment requests address wide-ranging issues which affect trading venues of all types.  Most relevant for the blockchain industry is that the SEC proposal seeks to regulate “communication protocol systems.”[2]
Continue Reading Recent SEC Proposed Rulemaking Could Impact Blockchain Trading Platforms