Former SEC lawyers say that using its power to grant tokenization "innovation" efforts an exemption from securities law isn't as strong as a full-fledged rule.

Galaxy's Thorn said this would remove barriers that prevented DeFi automated market makers from trading tokenized US equities at scale.

The US securities regulator’s plan to rescind rules on stock orders and quotes would more easily allow for decentralized trading of tokenized US stocks, says Galaxy Digital.