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    "headline": "SEC Proposes Modernizing Transfer Agent Rules for Tokenized Securities",
    "dek": "The SEC proposes updating transfer agent regulations to accommodate blockchain and tokenized securities under existing frameworks.",
    "prose": "The Securities and Exchange Commission (SEC) has proposed a major overhaul of U.S. transfer agent regulations that has not changed significantly in nearly four decades. [^1]\n\nMiami International Holdings, Inc. (MIAX) reported August 2026 trading results for its U.S. exchange subsidiaries including MIAX®, MIAX Pearl®, MIAX Emerald®, MIAX Sapphire®, and MIAX Futures®. [^2]\n\nThe MIAX Exchange Group reached a record year-to-date average daily volume of 11.0 million contracts through August 2026, a 25.5% increase from the same period in 2025. [^3]\n\nThe proposed regulatory reform updates requirements for registration, reporting, recordkeeping, asset safeguarding, transfer processing, and restrictive-legend requirements across securities markets. [^4]\n\nThe SEC proposal explicitly recognizes new technologies such as electronic records and security tokens represented using blockchain within the regulatory framework. [^5]\n\nTransfer agents will now be required to develop written policies and procedures related to the timely registration, cancellation, and processing of all transactions under all operating systems, including blockchain-based transfers. [^6]",
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      "statement": "The Securities and Exchange Commission (SEC) has proposed a major overhaul of U.S. transfer agent regulations that has not changed significantly in nearly four decades.",
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      "statement": "Miami International Holdings, Inc. (MIAX) reported August 2026 trading results for its U.S. exchange subsidiaries including MIAX®, MIAX Pearl®, MIAX Emerald®, MIAX Sapphire®, and MIAX Futures®.",
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      "statement": "The MIAX Exchange Group reached a record year-to-date average daily volume of 11.0 million contracts through August 2026, a 25.5% increase from the same period in 2025.",
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