According to Wu Blockchain, Galaxy Research Head Alex Thorn stated that the U.S. SEC's proposal to repeal Reg NMS Rule 611 (Order Protection Rule) and Rule 610(e) (Locked/Crossed Markets Restrictions) is one of the most significant regulatory developments in the tokenized equity space in recent years. He believes that Rule 611, which has long required trades to follow the National Best Bid and Offer (NBBO), makes it challenging for on-chain trading mechanisms like AMMs to meet compliance requirements. If these rules are ultimately implemented, the U.S. stock market regulatory framework will shift more towards a 'best execution' obligation borne by brokers, providing greater compliance flexibility for tokenized U.S. equities and on-chain trading models. The proposal is now in a 60-day public comment period. https://(wublock123.com)/news/alex-thorn-sec-proposes-repeal-rule-611-tokenized-equity-62646