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.
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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 doesn’t really explain precisely why the SEC wants…