SEC Proposes Scrapping NMS Trade-Through Rule 611

The SEC said it proposed rescinding Regulation NMS Rules 611 and 610(e), reopening a debate over whether the US trade-through rule still helps markets or ma | Bitget crypto news!

• The SEC has proposed rescinding Rule 611 (the trade-through rule) and Rule 610(e), aiming to simplify US equity market structure.
• While not directly for crypto, this could indirectly benefit tokenized equity and blockchain-based ATS by reducing execution complexity and friction.
• The proposal is still open for public comment and signifies the SEC's willingness to revisit pre-digital asset era market rules.

Topics: Legal regulatory, Public market, Scalability, Securities law classification, Stock equity tokenization, Market depth liquidity

Tags: #sec #rule611 #tradethroughrule #marketstructure #tokenizedequity #blockchain #ats #execution #regulationnms #secproposal

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SEC targets 20-year-old rule standing between Wall Street and blockchain trading

SEC’s plan to scrap a two-decade-old rule could give tokenized equities a clearer path into regulated US markets.

• The SEC is proposing to rescind Rule 611 (trade-through rule) and Rule 610(e), which could significantly ease the path for tokenized equities to trade on regulated US markets.
• This change is seen as a major unlock for DeFi and tokenized assets, as the current rules are difficult for AMMs to comply with, but further regulatory hurdles like registration and settlement remain.
• While the proposal aims to foster innovation and simplify market structure, concerns exist about potential market fragmentation and ensuring investor protection and fair pricing.

Topics: Legal regulatory, Infrastructure providers, Public market, Securities law classification, Tokenization platforms, Stock equity tokenization

Tags: #sec #tradethroughrule #regulationnms #tokenizedequities #blockchaintrading #automatedmarketmakers #defi #nbbo #marketstructure #innovationexemption

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