BUSINESSJun 12 · 06:44 UTCCOINTELEGRAPHCointelegraph by Jesse Coghlan

SEC plan to scrap ‘Rule 611’ a boon for tokenized US stocks: Galaxy

The SEC's plan to eliminate Rule 611, which governs stock orders and quotes, could facilitate trading of tokenized US stocks on decentralized platforms, according to Galaxy's Alex Thorn. The proposed change is seen as removing a significant regulatory barrier for this emerging financial technology.

Nexus surfaces and summarizes. The full story lives at the source.

Mentioned

SECorganizationRule 611topicGalaxyorganizationAlex Thornpersontokenized US stockstopicdecentralized platformstopic

Spot something wrong with this article?Report a problem →

Forward this

Related Signal

Adjacent reporting

BUSINESSJun 12 · 04:15 UTC
SEC’s proposal to scrap key NMS rules a major unlock for tokenized US stocks: analysts
BUSINESSMay 19 · 02:37 UTC
SEC to make ‘innovation exemption’ for tokenized stock trading: Report
BUSINESSMay 22 · 06:35 UTC
SEC's Peirce tempers expectations over tokenized stocks exemption
BUSINESSMay 18 · 22:21 UTC
The SEC Is About to Allow Tokenized Stocks on Blockchain
BUSINESSMay 15 · 12:23 UTC
South Korea plans July rules for tokenized securities
BUSINESSJun 4 · 14:44 UTC
Why tokenization is an ETF-style market structure revolution