Hyperliquid and Douro Labs jointly submitted a letter to the U.S. Securities and Exchange Commission supporting the repeal of Reg NMS Rule 611’s trade-through rule and calling for the establishment of best execution guidelines for on-chain markets. The comment letter noted that Rule 611 is incompatible with the execution mechanisms of on-chain AMMs and order books, and requested the SEC to affirm that tokenized NMS stocks are subject to the investor protection framework of Reg NMS.
Hyperliquid and Douro Labs Call for the Abolition of SEC Rule 611
AiCoinShare
Summary
Hyperliquid and Douro Labs have urged the SEC to repeal Rule 611, citing incompatibility with on-chain data execution models. The firms also called for best execution standards for on-chain markets. They emphasized the need for clarity on tokenized NMS stocks under Reg NMS. Movements in the Fear and Greed Index highlight growing demand for regulatory alignment with decentralized trading mechanisms.
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.