[SEC Proposes Updates to Transfer Agent Rules to Include Blockchain Securities Issuance and Share Transfers] Odaily Planet Daily News – On September 1, the U.S. Securities and Exchange Commission (SEC) proposed the first significant update to transfer agent rules since the late 1970s to accommodate the shift from paper records to electronic data. SEC Chairman Paul Atkins stated that the rules should reflect the current and future operational practices of transfer agents, including the use of blockchain technology in securities issuance and share transfers. Transfer agents are responsible for maintaining official records of securities ownership, processing transfers, and managing restrictive legends, while collaborating with the Depository Trust & Clearing Corporation (DTCC) to participate in the national clearing and settlement system. (CoinDesk)