SEC's Hester Peirce Proposes US-UK Digital Securities Sandbox

The initiative aims to foster blockchain innovation in securities trading under a unified regulatory framework.

Peirce's proposal seeks to allow firms to experiment with distributed ledger technology without immediate regulatory penalties.
The sandbox would operate under the same conditions in both the US and UK, enhancing cross-border collaboration.
A larger dataset from both jurisdictions could provide valuable insights for regulators and market participants.
The initiative builds on existing UK sandbox programs by the Bank of England and Financial Conduct Authority.
Peirce emphasizes the public benefits of increased market access and innovation in highly regulated sectors.