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- Mysten Labs met with the SEC to discuss Sui blockchain regulation and ETF approval.
- Sui price gained 7% this week, trading volume rose over 13%.
- Analysts forecast SUI could reclaim $5 if ETF approval goes through.
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Mysten Labs, the developer behind the Sui blockchain, has met with the U.S. Securities and Exchange Commission (SEC) to discuss the regulatory path forward for digital assets. The meeting, held on September 9 with the SEC’s Crypto Task Force and legal counsel from Sidley Austin LLP, comes at a pivotal time as the commission’s final decision on several Sui spot ETF applications approaches.
Strengthening Dialogue Between Blockchain and Regulators
The engagement reflects Mysten Labs’ intent to collaborate with regulators and ensure that innovative blockchain projects like Sui receive fair consideration. The firm emphasized Sui’s advanced features, including high throughput, low latency, and robust security. Key ecosystem projects such as the Sui Name Service (SuiNS), decentralized liquidity layer DeepBook, and decentralized storage protocol Walrus were highlighted as real-world use cases that showcase the blockchain’s growing utility.
By actively seeking dialogue with regulators, Mysten Labs aims to create a framework where compliance and innovation can coexist—an increasingly important theme as the SEC weighs new policies for the digital asset sector.
SEC’s ETF Decision Looms Large
The SEC has yet to issue a ruling on Sui spot ETF applications filed by 21Shares and Canary, but with the deadline nearing, industry watchers believe regulatory engagement is crucial. Mysten Labs reportedly suggested the commission consider exemptive relief through self-certification and ongoing disclosures, particularly for legacy blockchain projects.
The discussions come as the Trump administration signals greater support for regulatory clarity in crypto markets, prompting more companies to meet with the SEC in recent weeks.
Also Read: SUI Price Breakout: Institutional Holdings Top 100M as Bulls Target $5
Market Reacts with Optimism
Sui’s native token, SUI, has shown renewed momentum in response to regulatory optimism. Over the past week, the price jumped nearly 7%, trading around $3.51 with a daily range of $3.43–$3.56. Trading volume surged more than 13% in 24 hours, reflecting increased interest from traders. Analysts, including Ali Martinez, believe a favorable ETF ruling could propel SUI’s price above $5, marking a significant milestone for the asset.
With ETF decisions looming, Mysten Labs’ proactive engagement with the SEC underscores the importance of regulatory collaboration in shaping crypto’s future. For SUI investors, all eyes are now on Washington, where the next ruling could redefine the blockchain’s trajectory.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
