Nasdaq submits a proposal to the US SEC to allow trading of tokenized securities｜Binance Morning Post (September 9)

● Nasdaq submitted a proposal to the US SEC to allow trading tokenized securities According to Foresight News, Nasdaq has submitted a proposal to the US Securities and Exchange Commission to modify trading rules to allow trading of securities issued in traditional or tokenized forms on its main board market, covering listed stocks and ETF products. Nasdaq said that eligible tokenized securities will be matched with traditional securities in the same order book under the same priority rules, provided that they have "substantively the same rights." If approved, U.S. investors will see the first batch of securities transactions that support token settlement as early as the third quarter of 2026. ● The US SEC will hold a roundtable for financial monitoring and privacy encryption on October 17. According to Wu, the U.S. Securities and Exchange Commission (SEC) Cryptomatic Working Group will hold an open roundtable for "financial monitoring and privacy" at its headquarters in Washington on October 17. SEC Commissioner Hester Peirce said privacy protection technology is crucial to Americans and will help the SEC find a balance between crypto policy making and other financial regulators. ● The US Congress proposed a bill requiring the Treasury Department to formulate a Bitcoin custody and strategic reserve plan. According to Wu Said, the U.S. House of Representatives submitted Bill H.R. 5166, intending to allocate funds in fiscal year 2026, requiring the Treasury Secretary to evaluate the feasibility of establishing strategic Bitcoin reserves and U.S. digital asset reserves. The bill requires the Treasury Department to submit reports to Congress within 90 days of its entry into force, including potential obstacles, impact on the Treasury funds and government balance sheets, how Bitcoin and digital assets are custodial, and cross-institutional transfers and security mechanisms. ● Grayscale submitted Chainlink ETF S-1 application to the US SEC. According to Shenchao TechFlow, on September 8, Grayscale submitted Chainlink ETF's S-1 application documents to the US Securities and Exchange Commission (SEC). ● QCP Capital: The crypto market remains independent under the expectation of the Federal Reserve's interest rate cut. According to BlockBeats, QCP Capital released a report saying that after non-farm employment data were inferior to expectations, stock futures rose, and two-year U.S. Treasury yields fell to a new annual low. The market bets on a 72 basis point rate cut this year. However, expectations of a Fed rate cut have not affected the crypto market. Despite the rebound in stock markets and gold hit new highs, cryptocurrencies continued to consolidate sideways. Risk reversal indicators show a surge in demand for put options, but there are also opinions that this shows resilience of crypto assets. QCP Capital pointed out that the market performed cautiously before the release of U.S. inflation data, with high short-term implied volatility. If inflation data is higher than expected, it may complicate the Fed's path to cut interest rates. The Trump administration is less likely to escalate trade frictions. ● Matrixport: Trump's power may reshape the Federal Reserve, and crypto funds pour into the tokenized gold field. According to BlockBeats, Matrixport released market views that the United States has issued $1.2 trillion in new debt since the U.S. Congress approved the increase in the debt ceiling of $5 trillion, which is one of the key factors driving gold rise. Another factor is Trump's growing influence on Fed decision-making, who is actively pushing his preferred candidates into the Fed, who are likely to take the Fed majority soon. At the same time, cryptocurrency traders are increasingly allocating tokenized gold, constantly injecting new capital into this asset, and reestablishing gold's position as a viable asset class. As gold is closely related to Bitcoin, traders will continue to seek other means of store of value, especially as confidence in U.S. fiscal discipline continues to be under pressure. ● NFT sales fell to $91.96 million, a new low since mid-June, Cointelegraph reported, NFT sales fell to $91.96 million in the first week of September, the lowest since mid-June. Previously, weekly sales in July and August never fell below $115 million. From July 21 to 27, weekly sales of digital collectibles reached $170 million, the third highest this year. Last week's downturn brought sales back to June 16-22 levels, when sales were $90 million. From September 1 to 7, the number of NFT independent buyers was 199,821, a 58% decrease from mid-June. The number of independent sellers also fell 43% to 145,877. Despite the decline in trading volume, the total number of transactions remained at 1.27 million, showing continued trading activity. The average sales price in August was $104 and fell to $72 in early September. DappRadar analyst Sara Gherghelas said strong performance in July and August was attributed to increased adoption of NFTs.