According to CoinMeta, the U.S. Securities and Exchange Commission (SEC) has proposed a comprehensive update to the rules regarding transfer agents to adapt to the growing popularity of blockchain records and tokenized securities. The proposal aims to update requirements for registration, record-keeping, security safeguards, and securities transfers, while also introducing new rules to address the risks posed by the increasingly digital and automated market infrastructure. Market participants are actively seeking to introduce blockchain-native transfer agents into the U.S. market, as stated by SEC. The public comment period for this proposal is 60 days after its release.