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SEC Holds Talks on Sui Blockchain Before ETF Deadline

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by Giorgi Kostiuk

2 hours ago

On September 9, the Sidley Austin LLP team met with the SEC's Crypto Task Force to discuss the role of Sui Blockchain in the digital assets space.

Discussion with SEC

Executives from Sidley Austin LLP met with the SEC's Crypto Task Force to discuss Sui's role in the broader context of digital assets and potential frameworks for regulating such projects.

Sui Projects

The discussions highlighted Sui as a high-throughput, low-latency network designed for decentralized products, featuring the Sui Name Service, trading layer DeepBook, and storage protocol Walrus.

Impact on Regulation

The timing is critical as the SEC approaches deadlines for ETF filings from 21Shares and Canary looking to list funds tied to spot SUI prices. Industry observers believe Mysten's meeting underscored Sui's contributions and the need for flexibility in regulation.

The SEC's discussions with industry leaders could set important precedents for how emerging blockchains access U.S. markets.

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