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News on October 14, tZERO ATS, a broker-dealer subsidiary of the security token platform tZERO that provides digital asset securities trading services, will change its name to tZERO Securities on October 20 and add an investment banking business line to expand the breadth of customer service, and will continue to operate ATS secondary trading business and self-clearing business after the name change.

Golden Finance reported that Gabor Gurbacs, head of digital asset strategy at global asset management company VanEck, said on social media X that the next market opportunity exceeding US$1 trillion is security tokens. Projects seeking financing will increasingly choose registered/regulated ATS and stock exchanges. Security tokens connect the best attributes of tokens and capital markets, thereby setting off a new wave of value creation.

News on August 14, according to Ming Pao News Network, after Hong Kong regulators established a regulatory framework for virtual assets, the industry is actively applying for virtual asset licenses. Li Weihong, a member of the Legislative Council, said that due to the short supply of the market, the salary of the responsible officer (RO) of the No. 7 license (ATS, automatic trading system) has risen. According to his understanding, the normal monthly salary of holders of relevant licenses is usually around 100,000 to 200,000 yuan, and some people are still looking for jobs. He suggested that in order to effectively alleviate the situation, it is suggested to allow No. 7 licensees to operate jointly with industry experts, and at the same time strengthen training to meet the industry's manpower needs in the field of developing virtual assets.

According to PANews on August 14, according to a report from Ming Pao News Network, after Hong Kong regulators established a regulatory framework for virtual assets, the industry is actively applying for virtual asset licenses. Li Weihong, a member of the Legislative Council, said that due to the short supply of the market, the salary of the responsible officer (RO) of the No. 7 license (ATS, automatic trading system) has risen. According to his understanding, the normal monthly salary of holders of relevant licenses is usually around 100,000 to 200,000 yuan, and some people are still looking for jobs. He suggested that in order to effectively alleviate the situation, it is suggested to allow No. 7 licensees to operate jointly with industry experts, and at the same time strengthen training to meet the industry's manpower needs in the field of developing virtual assets.

Odaily Planet Daily News Financial technology company SoFi said in its quarterly 8-K report that the US SEC readjusted its regulatory ATS and the regulator's "Exchange Law Rules" in April, which will affect the composition of cryptocurrency exchanges. If the proposal is passed, entities that qualify as exchanges would face stricter regulation for facilitating the trading of crypto assets that are considered securities, and their crypto operations could therefore be at significant risk. SoFi said in the filing: “Pending the final passage of the proposed rule, we may need to obtain additional regulatory licenses to operate. The time and cost of obtaining such licenses may be significant and cannot be guaranteed. In addition, we may need to suspend or Alter certain aspects of our business until such clearance is obtained." SoFi is trying to grow rapidly in the crypto market while ensuring compliance. Industry players say public companies offer more than just cryptocurrencies, with an inherent risk that hefty fines for cryptocurrency violations could negatively impact other sectors. The most dire outcome, according to the company, is that it could "eventually be forced to cease such (encrypted) activities for a short period of time." (Blockworks)

Jinse Finance reported that SoFi, a financial technology company with an emerging cryptocurrency sector, stated in its quarterly 8-K report that the US Securities and Exchange Commission (SEC) readjusted its regulatory ATS and the regulator’s Exchange Act rules in April, The rule would reclassify what constitutes a cryptocurrency exchange, and if the proposal is passed, entities that would qualify as exchanges would face stricter regulation to facilitate the trading of crypto assets that are considered securities and therefore their crypto businesses may face significant risks. SoFi said in the filing: “Pending the final passage of the proposed rule, we may need to obtain additional regulatory licenses to operate. The time and cost of obtaining such licenses may be significant and cannot be guaranteed. In addition, we may need to suspend or Alter certain aspects of our business until such clearance is obtained."

Odaily Planet Daily News Blockchain Association lawyer Marissa Coppel announced that she has submitted a Freedom of Information Act request to the SEC, requesting records related to the encryption startup Prometheum. Prometheum co-CEO Aaron Kaplan spoke at a hearing of the House Financial Services Committee on Tuesday and endorsed SEC Chairman Gary Gensler's stance on crypto regulation. Marissa Coppel mentioned: "In the process of SEC's active enforcement, Prometheum obtained the approval of the first special purpose broker-dealer (SPBD) of digital asset securities, and then the CEO somehow won a seat in front of Congress and believed that Prometheum Represents a compliance path for digital assets. But Prometheum’s claims are nonsense…Prometheum’s ATS (Alternative Trading System) will not be able to trade any tokens without first registering with the SEC.” (Coindesk)

According to PANews news on June 15, Fox Business reporter Eleanor Terrett shared a document on Twitter. The non-partisan research organization "Capital Market Regulatory Committee" stated in its research report that the SEC's own policies actually make it impossible for encrypted exchanges to trade. Register with the SEC. These reasons fall into two categories. First, registered stock exchanges can only trade securities, but SEC rules and guidance have largely prevented crypto assets from being registered as securities. Therefore, the encrypted assets that can be listed and traded by encrypted asset trading platforms registered as stock exchanges are practically non-existent. Second, even if cryptoassets are registered as securities, existing SEC rules and guidance make it impossible for cryptoasset trading platforms to register and comply with the requirements applicable to stock exchanges. Terrett commented that this actually dovetails with Promethium's news. According to previous reports, Rodrigo, head of Paradigm's law, said in response to Promethium's remarks at the hearing that unless the project first registers the token with the SEC, Prometheum's Alternative Trading System (ATS) will not be able to trade any tokens. Matt Walsh commented that Prometheum's ATS is a bicycle without wheels.