The U.S. Securities and Exchange Commission (SEC) has proposed rescinding Rule 611 of Regulation NMS (the Order Protection Rule) and Rule 610(e) (the Lock/Cross Market Restrictions), and has opened a 60-day comment period. Alex Thorn stated that this move could remove a key market structure barrier to trading tokenized U.S. stocks on DeFi platforms.
The U.S. SEC Proposes Revoking Reg NMS 611 to Clear the Path for Tokenized Stock Trading
TechFlowShare
Summary
The U.S. SEC has proposed revoking Reg NMS Sections 611 and 610(e), initiating a 60-day comment period. This change could enhance trading activity for tokenized U.S. stocks in DeFi. Alex Thorn stated that the move eliminates a major market structure barrier, potentially leading to increased trading volume as DeFi platforms adapt to the new framework.
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