The US Securities and Exchange Commission has granted a five-year exemption allowing tokenized National Market System (NMS) stocks to trade on permissioned automated market makers (AMMs). This move is seen as a significant step towards greater onchain trading of securities. The exemption is conditional and will be reevaluated after five years. The exemption applies to tokenized stocks that are part of the NMS, which includes major US stocks.
This article is Bitcoincryptos' summary and analysis of reporting originally published by The Defiant. Read the full original report at the link above.
The Commodity Futures Trading Commission (CFTC) has also taken steps to relax its rules on software, allowing passive software to operate as an introducing broker. This change is intended to simplify the process for software developers to comply with CFTC regulations.
