our markets’ evolution, whether at a traditional floor-based stock exchange, a growing electronic exchange, on a Wall Street trading desk, or at the SEC. I witnessed firsthand how the electronification of trading transformed markets and trading practices and understand well how regulation can both spur it on or keep it in check. I believe that digital assets are at a similar crossroads today. The technology has matured, the regulatory requirements are more clear, and the environment is increasingly conducive for bringing digital assets, including securities, to millions of investors.
Surojit: What excites you the most about the potential for blockchain technology in the evolving cryptoeconomy, especially for digital asset securities?
Brett: I believe that blockchain technology has the ability to creatively address some of the fundamental limitations that exist in today’s primary and secondary markets. It is well known that companies are staying private longer or deciding not to go public. Blockchain technology enables creative new forms of access to capital and investors. It is also true that secondary markets today are overly complex and provide uneven access to different types of participants. I believe that a digitized trading ecosystem can help democratize retail investors’ ability to access our capital markets on a fair and level playing field. I also believe that instantaneous settlement will eventually be possible, which could ameliorate capital requirements and improve market liquidity.
Surojit: While you were at the SEC, you had to deal with several issues associated with cryptocurrencies and digital assets. What are some lessons learned from that experience? surojit: While you were at the SEC, you had to deal with several issues associated with cryptocurrencies and digital assets. What are some lessons learned from that experience?
Surojit: While you were at the SEC, you had to deal with several issues associated with cryptocurrencies and digital assets. What are some lessons learned from that experience?
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