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Comments to SEC Proposed Reg CA - No DLT Monopoly

The SEC's proposed Reg CA could open new paths for fundraising using innovative pre-paid forwards (utility tokens) and deeds (NFTs) – but only on a blockchain. This comment argues that the financial innovation may be more important than the technology. The SEC should consider including the use of traditional centralized ledgers, rather than making blockchain a regulatory requirement.

S Shane Hadden Staff 21 Aug 2026 8 min read

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