RATE Group | US Regulator Plans to Outsource Running Cryptocurrency Nodes
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US Regulator Plans to Outsource Running Cryptocurrency Nodes

02 Aug US Regulator Plans to Outsource Running Cryptocurrency Nodes

Posted at 01:46h in Cryptocurrency News by

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A recently published document reveals that the U.S. Securities and Exchange Commission (SEC) has plans to hire contractors to run specific cryptocurrency full nodes for the government agency. According to the SEC documentation, the regulator wants third-party contractors to run nodes for Bitcoin Core (BTC), Ripple (XRP) and Ethereum (ETH) in order to monitor compliance risks.

Also read: SEC Begins Green-Lighting Token Offerings

Running a Full Bitcoin Node for the SEC

Depending on whom you ask, the news of the SEC soliciting contractors to run full cryptocurrency network nodes could be seen as either positive or negative. The government document was first spotted by Trustnodes news outlet. Despite the fact that there’s a wide range of blockchain explorers out there, the agency wants to pay contractors to run nodes for BTC, ETH, and XRP. In the future, the SEC may also contract others to run nodes for Stellar, Zcash, Bitcoin Cash, EOS, and NEO. The document…

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