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SEC Cracks Open the Door for Wall Street Stocks to Trade Onchain
Published Source: Bitcoin.com NewsRead original
Crypto Insight Summary: The SEC just gave a limited slice of the U.S. stock market permission to do something that sounds more like crypto than Wall Street: trade tokenized stocks through onchain automated market makers and liquidity pools. Under an exemption approved Sept. 17, certain venues can temporarily handle tokenized NMS stocks while the regulator watches the experiment, […] Crypto Insight Analysis: Direction: Bullish ETH / Bullish UNI / Bullish SUSHI Impact: Major Impact Horizon: Mid-term (1-8 weeks) Reasoning: SEC's approval for tokenized stocks onchain will drive demand for Ethereum-based DeFi platforms and AMMs.