U.S. SEC Proposes Abolition of Stock Trading Protection Rules, Paving the Way for Tokenized Stock Trading in DeFi

Proposal to Abolish Rule 611

The U.S. Securities and Exchange Commission (SEC) proposed on the 11th to abolish 'Rule 611 and Rule 610(e)' from Regulation NMS (National Market System), which has defined the structure of the U.S. stock market since 2005.

Regulation NMS is a set of rules established by the SEC in 2005 to promote competition and fair pricing among U.S. stock markets. Rule 611 ensures that all trading centers...