SEC Targets On-Chain Stock Records as CFTC Fines Trader Over Deleted Messages
US regulators advance separate actions: SEC explores on-chain stock records, CFTC penalizes swaps trader.
Two US regulatory agencies announced separate actions this week. The Securities and Exchange Commission (SEC) is reportedly moving to bring stock recordkeeping on-chain, while the Commodity Futures Trading Commission (CFTC) fined a swaps trader $90,000 for deleting messages.
SEC explores blockchain for stock records
The SEC's initiative aims to leverage blockchain technology for maintaining stock records. The move suggests a growing interest within the agency in using distributed ledger technology to improve transparency and efficiency in traditional financial markets.
CFTC fines trader for message deletion
Separately, the CFTC levied a $90,000 penalty against a swaps trader who deleted messages, in an enforcement action underscoring regulators' scrutiny of communications practices in derivatives markets. The fine reflects ongoing efforts to hold market participants accountable for recordkeeping violations.
Both actions highlight a broader regulatory trend: embracing blockchain for market infrastructure while simultaneously enforcing compliance rules in digital and traditional trading environments.