According to the official announcement on the website of the securities and exchange Commission (SEC), the Agency is in search of supplier who can provide him with the opportunity to analyze the data leading blockchains of cryptocurrencies, reports Coingape.

The application was published on January 31, and according to it, the opportunity is open to companies that provide extraction of data from the block chain and their translation in readable format.

Communication from the Commission States that these data it needed “to support efforts to monitor risks, improve legal compliance and information gathering for policy-making in the field of digital assets.”

It is also noted that information about potential data sources should be of the most widely used blockchain-based systems and include public data and transaction details. Additionally, bidders should provide the possibility of verification of data, guarantee their integrity and accuracy.

Applications for participation in competition are accepted until February 14, however, how the Commission plans to use the information received was not specified. It is possible that it can help the Agency to better navigate in the peculiarities of those or other projects when making decisions about the classification of coins or tokens securities.

In addition, in November last year, the head of SEC J. Clayton said that sees no possibility for the approval of ETF-based cryptocurrency, is not yet solved the problem of market manipulation.

We will remind, in December of his desire to learn more about Ethereum and its underlying technologies, and markets that have been created around it, declared the Commission on urgent exchange trade of the USA (CFTC).

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