SEC Plan to Scrap Rule 611 Could Be the Biggest Regulatory Unlock Yet for Crypto Tokenized US Stocks
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Summary
SEC Plan to Scrap Rule 611 Could Be the Biggest Regulatory Unlock Yet for Crypto Tokenized US Stocks. The source report describes a structural development tied to infrastructure, crypto market structure, regulation, trade and broader market conditions. It states: Citi, DTCC, and a growing roster of prime brokers are already deep into on-chain settlement infrastructure, and the removal of Rule 611 clears the last major regulatory obstacle for AMM-based tokenized US equity trading to operate at scale. The additional facts give public readers grounded context on how regulation, infrastructure, supply, demand, or company execution signals are changing.
Market Impact
The market relevance is concentrated in Infrastructure, Crypto Market Structure, Regulation, Trade. The reported facts may affect expectations for capital allocation, supply availability, regulatory exposure, infrastructure investment, pricing power, or demand conditions across connected sectors. This public analysis is informational and avoids buy, sell, return, or timing claims.
Why It Matters
This matters because the article links a specific reported event to observable structural market channels. The evidence helps readers track sector conditions using public information rather than private or paid-only analysis.
Key Points
- Citi, DTCC, and a growing roster of prime brokers are already deep into on-chain settlement infrastructure, and the removal of Rule 611 clears the last major regulatory obstacle for AMM-based tokenized US equity trading to operate at scale.
- On June 11, the agency formally proposed to rescind Rule 611 of Regulation NMS, the trade-through prohibition that has governed stock order routing since 2005, along with Rule 610(e), which bans locked and crossed quotations.
- The move sits inside the SEC’s broader Project Crypto initiative, launched in August 2025 to modernize the regulatory framework for digital assets and blockchain technology in US markets.
- The source is Cryptonews, and the analysis is grounded in the article body rather than external provider output.
Key Entities
Evidence
Citi, DTCC, and a growing roster of prime brokers are already deep into on-chain settlement infrastructure, and the removal of Rule 611 clears the last major regulatory obstacle for AMM-based tokenized US equity tradi...Supports: Supports the summary, market-impact framing, and key public facts.
On June 11, the agency formally proposed to rescind Rule 611 of Regulation NMS, the trade-through prohibition that has governed stock order routing since 2005, along with Rule 610(e), which bans locked and crossed quo...Supports: Supports the summary, market-impact framing, and key public facts.
The move sits inside the SEC’s broader Project Crypto initiative, launched in August 2025 to modernize the regulatory framework for digital assets and blockchain technology in US markets.Supports: Supports the summary, market-impact framing, and key public facts.