SEC seeks help on blockchain data

SEC seeks help on blockchain data

The Securities and Exchange Commission (SEC) is inviting bids from firms that can build a tool that lets it review data from the most widely used blockchain ledgers in order to help it monitor risk and compliance, and inform policy, related to cryptocurrencies.

As it comes to terms with regulating the nascent crypto industry, the SEC is soliciting help from vendors that can provide data extracts on a recurring basis for the most widely used blockchain ledgers.

Interested parties also need to show that they can cleanse and normalise the data to make it easy to review and explore, as well as show a means to demonstrate the data is accurate and complete.

Firms have until 14 February to send in a "brief capabilities statement package".

The SEC has said that digital assets will be a top examination priority this year because of the market's significant growth and the "risks presented".

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