Mysten Labs, the team behind the Sui blockchain, has entered direct talks with the U.S. Securities and Exchange Commission as regulators weigh multiple applications for spot SUI exchange-traded funds.
Executives and legal counsel from Sidley Austin LLP met with the SEC’s Crypto Task Force on September 9 to discuss Sui’s role in the broader digital asset space and the potential framework for regulating such projects.
The discussions showcased Sui as a high-throughput, low-latency network designed for decentralized products. Among the highlighted projects were the Sui Name Service, trading layer DeepBook, and storage protocol Walrus. Mysten emphasized its interest in shaping regulation that encourages innovation while ensuring compliance.
The timing is critical: the SEC is nearing deadlines on ETF filings from 21Shares and Canary seeking to list funds tied to spot SUI prices. While the commission has delayed rulings, final decisions are approaching. Industry observers believe Mysten’s meeting sought to underline Sui’s contributions and push for flexible pathways such as exemptive relief and tailored disclosure standards.
The engagement reflects growing pressure on U.S. regulators to provide clarity under the Trump administration, which has prioritized advancing digital asset policies. As the SEC continues its consultations with industry leaders, the outcome of the Sui ETF review could set a key precedent for how emerging blockchains gain access to U.S. markets.
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Source: https://coindoo.com/sec-holds-talks-on-sui-blockchain-ahead-of-etf-deadline/
