LMAX Digital is an institutional crypto exchange that provides high-level information and live data on cryptocurrency trading. The SEC has proposed rescinding key rules under Regulation NMS, which could facilitate the trading of tokenized U.S. equities in decentralized finance (DeFi).
The key takeaway for you is the SEC's proposal to rescind Rules 611 and 610(e) under Regulation NMS, potentially removing barriers that have prevented automated market makers (AMMs) in DeFi from trading tokenized U.S. equities at scale. This move could significantly impact the growth of tokenized stocks within the DeFi space, as it addresses market structure obstacles and opens new avenues for innovation in decentralized finance.