CryptoWorld News reports that the U.S. Securities and Exchange Commission (SEC) has proposed to revoke two key National Market System (NMS) rules, 611 and 610(e), which could open new discussions for tokenized U.S. stocks and DEFI trading. SEC Chair Paul Atkins said that this proposal is intended to simplify the stock market structure, reduce costs for market participants, and allow competition and innovation to drive the ongoing evolution of the U.S. stock market. The proposal does not directly approve tokenized stock trading; instead, it launches a rulemaking process that allows market participants to submit comments before a final decision is made. Alex Thorn of Galaxy Digital said the proposal could remove a major barrier for tokenized U.S. stocks in DEFI.

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L2ArbitrageYoungster
· 6h ago
Atkins' move is quite interesting, first breaking down the wall and then opening a window. Tokenized stocks finally no longer have to be stuck in regulatory gaps.
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FomoAfterYoga
· 6h ago
Lowering costs is a good thing, but the comment period is probably going to be a three-month debate again, and the institutions will definitely be lobbying furiously.
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LonelyStoneUnderTheAurora
· 6h ago
Is the SEC starting to loosen up? But old relics like 611 and 610(e) should have been rewritten long ago; the fusion of DeFi and TradFi is the future.
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