Galaxy Digital expects SEC rule changes to boost stock token trading

Alex Thorn, head of research at Galaxy Digital, has commented that proposed amendments to U.S. Securities and Exchange Commission (SEC) market regulations could foster growth in the stock token market. He explained on X that current rules are a key obstacle to DeFi-based stock token trading. Thorn believes that if the SEC's proposal to repeal these regulations is adopted, it will become easier to trade stock tokens using automated market makers (AMMs). According to Thorn, the SEC has proposed repealing Rule 611, the Order Protection Rule, and Rule 610(e), which restricts locked and crossed markets.