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From Expert Predicts Crypto Platforms Will Adopt Traditional Finance Structures

How could Alicandro's push for regulated crypto platforms affect the Securities and Exchange Commission?

Possible What happens if… A possibility worth considering, not a forecast.

The push for regulated crypto platforms may force the SEC to formalize oversight of digital assets. Manny Alicandro argues that for crypto platforms to succeed, they must become regulated and adopt the structure of traditional finance giants, such as Goldman Sachs. This vision stems from his belief that if a crypto asset is an investment deal, the principles of a fiduciary apply. This advocacy, rooted in his background in financial regulation and his previous work filing rules with the Securities and Exchange Commission, suggests that the SEC may need to create a new framework tailored to digital assets, rather than trying to fit them into existing legal lanes.

Reported by 1 independent outlet Written Oct 16
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How it reaches Securities and Exchange Commission

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The facts so far

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  • Alicandro believes crypto platforms must become regulated and resemble institutions like Goldman Sachs.amny.com
  • Alicandro previously worked for NASDAQ’s general counsel’s office, drafting exchange rules and filing them with the Securities and Exchange Commission.amny.com
  • Alicandro argues that creating a new framework tailored to digital assets would solve many problems.amny.com

Why it matters

For the Securities and Exchange Commission, the push for institutional-grade regulation in crypto represents a fundamental challenge to its existing regulatory models. If the SEC does not adapt, it risks having a growing market segment operate outside of established governance and oversight, which could lead to systemic risks or regulatory gaps.

This advocacy is backed by Alicandro's deep experience in financial regulation, having worked in compliance for broker-dealers, banks, and NASDAQ. His argument is part of a broader debate about how to integrate rapidly evolving digital assets into the established capital markets structure, a debate that involves many financial institutions and regulators globally.

What we don't know yet

  • Will the SEC adopt a new, tailored regulatory framework for digital assets, or attempt to fit them into existing securities laws?
  • How will the industry respond to the requirement of adopting traditional financial governance structures?

What would change this answer

The SEC announces a major initiative to review crypto asset classification.This would make the effect more certain, indicating the agency is actively responding to the pressure for formalization.
Major crypto platforms successfully implement Goldman Sachs-style compliance standards without regulatory mandate.This could cause the effect to fade, suggesting the industry is self-regulating and reducing the immediate pressure on the SEC.

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  • About Webull

    If the SEC formalizes oversight of digital assets, how might specific platforms like Webull be required to adopt the structure of traditional finance giants?

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The full eventExpert Predicts Crypto Platforms Will Adopt Traditional Finance Structures Everything aboutSecurities and Exchange Commission

Brind's analysis is written by AI from the reporting linked above and can be wrong. This explainer is a possibility worth considering, not a forecast: steps marked as Brind's reasoning are not stated in the reporting. It is not investment advice; do your own research.