It has been suggested that blockchain and tokenization experiments are expanding as the US Securities and Exchange Commission (SEC)'s stance on cryptocurrency regulation changes. According to CoinDesk, Tal Cohen, President of Nasdaq, said, "In the past, when regulations were uncertain, the industry was virtually unable to move, but now an environment is being created where new systems can be built and experimented with. Nasdaq provides trading technology in over 130 global markets and is expanding its investments in blockchain and tokenization to respond to these changes."