Galaxy research head Alex Thorn stated that the U.S. SEC has proposed eliminating Regulation NMS Rule 611 and Rule 610(e), and the proposal has entered a 60-day public comment period. Rule 611 requires trading venues to execute trades at the National Best Bid and Offer (NBBO), a requirement that automated market maker (AMM) mechanisms cannot fulfill. Removing this rule could eliminate structural barriers to trading tokenized U.S. stocks.
SEC Proposes to Remove Regulation NMS 611, Impacting Tokenized Stock Trading
AiCoinShare
Summary
On Tuesday, the U.S. SEC announced it proposed removing Reg NMS Rules 611 and 610(e), initiating a 60-day public comment period. These rules require trading venues to adhere to the National Best Bid and Offer—a standard that automated market maker systems cannot fulfill. Their removal could pave the way for trading tokenized U.S. stocks. Market developments indicate growing regulatory shifts in digital asset infrastructure.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.