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<p>The SEC allowing tokenized stock trading exclusively on AMMs while banning order books is a Trojan horse. AMMs suffer heavy slippage at scale, making them useless for institutional volume.

While DeFi gets an exemption capped at toy-market liquidity, Nasdaq and NYSE are tokenizing equities on central limit order books inside existing rules.

The SEC did not unlock on-chain equities for crypto native apps. They gave DeFi a low-volume sandbox while Wall Street builds the actual infrastructure.

https://t.co/3RqkeA9vdI</p>

The SEC allowing tokenized stock trading exclusively on AMMs while banning order books is a Trojan horse. AMMs suffer heavy slippage at scale, making them useless for institutional volume.
While DeFi gets an exemption capped at toy-market liquidity, Nasdaq and NYSE are tokenizing equities on central limit order books inside existing rules.
The SEC did not unlock on-chain equities for crypto native apps. They gave DeFi a low-volume sandbox while Wall Street builds the actual infrastructure.
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The SEC allowing tokenized stock trading exclusively on AMMs while banning order books is a Trojan horse. AMMs suffer heavy slippage at scale, making them useless for institutional volume. While DeFi gets an exemption capped at toy-market liquidity, Nasdaq and NYSE are tokenizing equities on central limit order books inside existing rules. The SEC did not unlock on-chain equities for crypto native apps. They gave DeFi a low-volume sandbox while Wall Street builds the actual infrastructure. https://t.co/3RqkeA9vdI

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