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.