SEC's Crypto Rule Change Rocks US Market

Tokenized Equities Trading Takes Center Stage

The US Securities and Exchange Commission proposed a rule change on June 11, rescinding two decades-old market structure rules. This move has been deemed the most significant regulatory development in the US crypto space this year by Benchmark Equity Research.

The proposal aims to remove a key constraint on tokenized equities trading, lending, and settlement on public blockchains. Benchmark argues that this change would allow for more flexibility in the trading and settlement of tokenized equities.

Will This Change Unlock Crypto Potential?

By rescinding Rules 611 and 610(e), the SEC is paving the way for the trading of tokenized equities on public blockchains. This could potentially increase liquidity and efficiency in the market. Benchmark notes that this change would be a significant step towards the adoption of blockchain technology in traditional financial markets.

The proposal has been seen as a crucial development in the US crypto space, with many experts weighing in on its potential impact. The change could have far-reaching consequences for the industry, from increased adoption to new use cases.

Frequently Asked Questions

The SEC's proposal is expected to have significant consequences for the US crypto market, potentially unlocking new opportunities for growth and innovation. As the regulatory landscape continues to evolve, market participants will be watching closely to see how this change plays out.

What is the SEC proposing to change? The SEC is proposing to rescind Rules 611 and 610(e), which are decades-old market structure rules. How will this change affect tokenized equities trading? The change is expected to remove a key constraint on tokenized equities trading, lending, and settlement on public blockchains. What are the potential consequences of this change? The change could potentially increase liquidity and efficiency in the market, and unlock new opportunities for growth and innovation.