27 Jun 2025
📈SEC Proceeds with Nasdaq's 21Shares Polkadot Trust Proposal
Self-Regulatory Organizations; Nasdaq Stock Market LLC; Order Instituting Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change To List and Trade Shares of the 21Shares Polkadot Trust Under Nasdaq Rule 5711(d) (Commodity Based Trust Shares)
Summary
The SEC is evaluating a proposed rule change from Nasdaq to list and trade shares of the 21Shares Polkadot Trust. This proposal aims to track DOT token performance, adhering to regulatory standards for investor protection and market integrity. The regulations invite public commentary on any issues related to the proposal's approval or disapproval.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The regulatory text concerns the SEC's proceedings regarding a proposed rule change to list and trade shares of the 21Shares Polkadot Trust. This could impact financial markets and compliance obligations for businesses involved in digital assets. The assessment of whether the proposal meets investor protection standards could influence operational practices.