WFE, Nasdaq and Deutsche Boerse Urge SEC Not to Soften Crypto Rules
In a letter dated November 21 and posted to the SEC’s website, the World Federation of Exchanges (WFE) — whose membership includes Nasdaq and Deutsche Boerse — warned regulators not to allow crypto firms to “bypass the regulatory principles that have safeguarded markets for decades.” The statement frames the dispute as a safeguard for investor protection and market integrity rather than a narrow industry complaint. The public push by prominent traditional exchanges raises the political and regulatory stakes for any SEC moves to relax oversight. Their intervention could strengthen calls for clearer, uniform rules for crypto trading and listings, and may slow or reshape proposals perceived as undermining market safeguards. Market participants should watch for policy responses and potential impacts on listings, custody standards and institutional access to crypto markets.