SEC Proposes Rule 611 Repeal as Galaxy Sees Tokenized Stock Breakthrough

The SEC proposed rescinding Rules 611 and 610(e) of Regulation NMS after Rule 611 shaped U.S. equity market structure since 2005. Galaxy Digital’s Alex Thorn called Rule 611 one of the biggest barriers to tokenized U.S. equities in DeFi. A 60-day public comment period follows publication in the Federal Register.
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