Benchmark: SEC plans to abolish NMS rules, potentially the most significant crypto regulatory change this year

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Benchmark Research states that the U.S. SEC proposed to repeal Rule 611 and Rule 610(e) of the Regulation NMS on June 11, which could become the most significant regulatory change affecting the U.S. crypto industry this year. The agency believes this move will remove the core legal barriers to trading tokenized stocks on AMMs, opening up space for on-chain stock trading, lending, and settlement. Benchmark points out that Securitize will become the most direct beneficiary, with Coinbase and Galaxy Digital also expected to benefit. The SEC has initiated a 60-day public comment period, with a vote expected in early 2027. (TheBlock)
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LiquidationRaincoat
· 4h ago
60-day consultation period, voting not until 2027, Wall Street lobbying battle is about to begin
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OldKeyboardTraitor
· 4h ago
Coinbase's stock business was already barely alive; can this news save the situation?
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QueueJumper
· 4h ago
The SEC's shift after the leadership change is indeed quick, but whether Rule 610(e)'s abolition benefits or harms retail investors still depends on the detailed regulations.
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Half-UnderstoodZk
· 5h ago
On-chain stock lending? The collateral’s volatility sure seems like it’s going to have the liquidation engine chugging out smoke.
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CandleChaser
· 5h ago
Rule 611 is really done for—running “stocks” on AMM finally cuts out the detours. Securitize this whole “lying back and cashing in” wave.
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