FLASH FRIDAY is a weekly content series looking at the past, present and future of capital markets trading and technology. FLASH FRIDAY is sponsored by Instinet, a Nomura company. What is an exchange?

The Securities and Exchange Commission has opened a new front in its campaign against crypto. In its latest gambit, the agency is targeting the entire domestic decentralized finance industry by ...

Uyeda on Monday criticized a proposal to include 'communications protocols' when defining 'exchange' He said it was a 'mistake' to link Treasury markets regulation and regulating the crypto sector The ...

May 11, 2022 - In the movie, "Free Guy," Ryan Reynolds plays Blue Shirt Guy, a lovable, free-spirited, non-player character ("NPC") in an open-world video game who decides to become one of the actual ...

The SEC on Friday voted to reopen the comment period on a proposal that would expand the definition of "exchange" under Rule 3b-16 of the Securities Exchange Act of 1934. The proposal, unveiled in ...

"Further, the SEC starts from an assumption that there is some problem with the industry in need of correction, yet fails to prove that problem's existence," said Paul Grewal, the chief legal officer ...

The amended definition could provide a new means for the SEC to regulate crypto platforms. We previously published a blog post on the set of proposed amendments (Proposal) issued on January 26, 2022, ...