Rule 611 is withdrawn—Securitize and Coinbase are celebrating, waiting until 2027 feels too long, but the direction is right: the wall of traditional finance is collapsing.

Crypto World News reports that according to a research report by investment bank Benchmark, the U.S. Securities and Exchange Commission (SEC) plans to revoke Rule 611 and Rule 610(e) of Regulation NMS. The proposal was announced on June 11. Benchmark believes that revoking these rules will reduce compliance barriers for tokenized stocks and on-chain trading systems, making AMM trading models easier to access the U.S. capital markets. Securitize, Coinbase, and Galaxy Digital are listed as potential beneficiaries. The SEC has initiated a 60-day public consultation period, with a final vote expected to take place in early 2027.