US SEC solicits companies for blockchain data

The United States Securities and Exchange Commission (SEC) is seeking sources that can provide blockchain data to support its efforts on ensuring compliance and risk monitoring of digital assets.

In a statement issued on January 31, the regulator said:

“The U.S. Securities and Exchange Commission (SEC) is issuing this sources sought notice as a means of conducting market research to determine the availability and technical capability of large and small businesses to provide blockchain data to support the SEC’s efforts to monitor risk, improve compliance, and inform Commission policy with respect to digital assets.”

According to the statement, the SEC intends to acquire “data for the most widely used blockchain ledgers, including the universe of available information and transaction details.”

In addition to the vendor’s ability to provide the requested data, it is also interesting in knowing “an overview of the processes used to extract the data, convert the data into a reviewable format, and the verification steps to ensure there is no loss in data completeness and accuracy due to the data transformation tools and processes applied.”

Those interested can send their responses to the regulator by February 14, 2019.