Digital Chamber Pushes SEC for Regulatory Flexibility in Tokenized Securities and Blockchain Records

TL;DR: Formal request: The Digital Chamber submitted a formal comment letter to the U.S. Securities and Exchange Commission (SEC) outlining eight recommendations to adapt transfer agent rules to distributed networks. Registry control: The association requested that on-chain ledgers be permitted to constitute the official master securityholder file without requiring mandatory off-chain duplicates. Opposition to regulatory gatekeeping: The trade group opposed the proposal requiring transfer agents to proactively determine whether certain transactions violate Section 5 of the Securities Act of 1933. The Digital Chamber has formally requested that the SEC provide greater technical flexibility for managing tokenized securities under federal regulations governing transfer agents. The petition was submitted to the regulator on November 3 via a comment letter drafted with counsel from the law firm Morrison & Foerster LLP.

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