SEC Plans All-in-One Trading App for Crypto and Stocks


SEC Chairman Paul Atkins wants registered broker-dealers to custody and trade both securities and non-security cryptocurrencies.


The proposal aims to create a crypto and stock trading "super-app" under unified SEC regulation.


Current rules force firms to navigate separate regulatory frameworks between SEC and CFTC oversight.


Maple Finance's CEO Sid Powell called this "one of the most consequential steps" toward bridging traditional finance with digital assets.


The approach would reduce operational inefficiencies for institutional investors dealing with tokenized products.


CoinFund's president noted that jurisdictional boundaries between the CFTC and SEC have slowed innovation for years.


Atkins criticized his predecessor, Gary Gensler, for having the SEC's "head in the sand" regarding crypto regulation.


The #super-app concept reflects capital markets becoming accessible through a single interface for trading and custody.

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May 19, 2025 at 11:55 PM
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