The Blockchain Association submitted a comment letter urging the SEC to rescind Rule 611 and Rule 610(e), two legacy trading rules under Regulation NMS adopted in 2005, in support of a June SEC proposal. The trade group argues the rules have failed their original purpose, imposed unnecessary costs on market participants for two decades, and constrain blockchain-based trading systems, and it asked the SEC to weigh efficiency gains from tokenized securities rather than price alone. The SEC has not finalized its decision, and any rule change would likely involve an extended review period with limited near-term market impact.
This item was indexed from its published source and tied to the entity records it names. The Counterparty reports what the market says and who it says it about; it does not rewrite the original report. Read the source for the full account.