Robin Rix, Verra’s Chief Legal, Policy, and Markets Officer, spoke with the Wall Street Journal about Verra’s proposed approach to third-party crypto instruments and tokens.

Verra is considering asking for records that identify people and special accounts that track credits turned into crypto tokens, among other requirements, as it looks to rein in the market for its credits on crypto exchanges. There will be a 60-day period for market participants to weigh in before the rules are finalized. The rules are slated to go into effect later this year.