SEC plan to scrap ‘Rule 611’ positive for tokenized US stocks: Galaxy
60-second summary
The SEC is planning to scrap 'Rule 611', which regulates stock orders and quotes, and Galaxy's Alex Thorn believes this move will be positive for tokenized US stocks, removing a major barrier to trading on decentralized platforms. This change could increase adoption and liquidity for tokenized stocks, benefiting the growing industry of decentralized finance.
Galaxy’s Alex Thorn says a plan to scrap rules on stock orders and quotes would remove a major barrier to tokenized stocks trading on decentralized platforms.