SEC proposes blockchain transfer agent rule and sets 24-hour trading event

The SEC announced a proposed transfer-agent rule and a roundtable on 24-hour trading. The proposed rule would revise transfer-agent regulations to explicitly consider blockchain technology. The Sept. 17 roundtable will take place at the SEC's Washington headquarters. Participants will include NYSE, Nasdaq, State Street, Citadel Securities, Cboe and DTCC. Robinhood will also participate. The panels will discuss overnight surveillance. The panels will discuss closing-price practices. The panels will discuss clearing and settling trades. The panels will discuss how maintenance works on a continuous system. Crypto broker-dealers could face rules that arise from the roundtable project.