Blockchain Association Urges SEC to Repeal Outdated NMS Rules for Tokenized Markets
The Blockchain Association has backed a proposal from the U.S. Securities and Exchange Commission to repeal outdated National Market System (NMS) rules from 2005. The Association argues that these rules have failed to achieve their intended goals and that their removal could enhance the trading of tokenized securities on public blockchains.
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Blockchain Association urges SEC to drop NMS rules for tokenized markets
The Blockchain Association has backed a U.S. Securities and Exchange Commission proposal to repeal two market rules adopted in 2005, arguing that their removal could make it easier for tokenized securities to trade on public blockchains. The Blockchain Association said…
Blockchain Association backs SEC’s proposal to scrap outdated NMS rules, citing tokenization benefits
The rules, established in 2005, have "failed to achieve their stated purposes," the Blockchain Association said.