SEC Plan to Scrap Rule 611 Could Enable Tokenized Stock Trading

Galaxy's Alex Thorn stated on Jun 12 that a U.S. Securities and Exchange Commission plan to scrap Rule 611 would remove a major barrier to tokenized stocks trading on decentralized platforms. Rule 611 governs stock orders and quotes. The proposed elimination targets regulatory constraints on alternative trading venues.

FAQ

What is the SEC's plan regarding Rule 611? The SEC is planning to scrap Rule 611, which governs stock orders and quotes, according to Galaxy's Alex Thorn on Jun 12.

How would scrapping Rule 611 affect tokenized stocks? Alex Thorn stated that eliminating Rule 611 would remove a major barrier to tokenized stocks trading on decentralized platforms.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments