The SEC Is finally modernizing transfer-agent rules. Wall Street must not repeat the ‘paperwork crisis’

Crypto Insight Summary: If ownership data is split across a token wrapper, a special-purpose vehicle (SPV), a broker’s internal ledger and a transfer agent's off-chain database, we are setting the stage for a Paperwork Crisis for the blockchain age, argues Fairmint’s Joris Delanoue. Crypto Insight Analysis: Direction: Neutral Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: SEC modernization may improve transparency but won't directly affect crypto prices in the short term.