According to the notice on official source “FedBizOpps.gov,” the regulator of securities in the USA is eagerly looking to buy enterprise-wide / commercially available off-the-shelf (COTS) subscription for blockchain ledger data, which in turn aims at observing the crypto and blockchain space in a better way. It specifically aims at monitoring the risk, improves compliance, and informs commission policy on digital assets.
The official source reads that;
“The United States Securities and Exchange Commission…intends to procure a commercially available off-the-shelf (COTS) enterprise-wide data subscription for blockchain ledger data to support its efforts to monitor risk, improve compliance, and inform Commission policy with respect to digital assets.”
SEC with its new subscription update intends to capture blockchain data directly from the hosted nodes rather than secondary sources and also aims at adding blockchain ledger’s complete data from inception to present.
“The subscription shall include all on-node data for each supplied blockchain, in its entirety,”
This made available following SEC’s update on “Request for Quote (RFQ),” and at this time, the Exchange commission is also keen in seeking the data on the Bitcoin, Ethereum as well as other leading chain networks.
It mentioned it as follows;
“At a minimum, the subscription shall include the Bitcoin and Ethereum blockchains…In addition, the subscription shall include as many as possible of the following blockchains: Bitcoin Cash, Stellar, Zcash, EOS, NEO, and XRP Ledger.”
More to this, SEC said that the chosen vendors must run their own nodes for each supported blockchain. On one hand, SEC’s decision is directing it to monitor the space – on the other hand, the move isn’t equally endorsing the blockchain. In a nutshell, SEC might want to learn more about the space before defining any rules.
What’s your take on SEC’s decision readers? Let us know in the comment below
Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.
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