SEC to run full Bitcoin node through contractors

posted 10 months ago
The United States SEC is planning to run a Bitcoin node through contractors. The stated reason is “to support its efforts to monitor risk, improve compliance, and inform Commission policy with respect to digital assets… the subscription shall source all blockchain data from hosted nodes, rather than providing this data as a secondary source (blockchain explorers).”

They may be looking for an analytics company to outsource the SEC’s blockchain monitoring, surveillance, and compliance investigations. Their requirements state the contractor should: “Demonstrate level of rigor of data cleansing and normalization meets requirements of financial statement audit testing.” They said all the data from the genesis block onward should be provided in one go, then should be updated daily through some feed and preferably an API method of their choice.
Tags: bitcoin, blockchain, news