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The SEC just proposed scrapping Rule 611 — and Galaxy's Alex Thorn calls it "one of the biggest unlocks yet for tokenized stocks." 1/ The problem: AMMs can't comply with Rule 611's trade-through ban. A pool executes at its own price — it can't stop a trade when a better quote exists elsewhere. Under current rules, every tokenized stock pool is technically illegal. 2/ The fix: Replace Rule 611 with a "best execution" framework that permits AMMs to operate within compliance guardrails. 60-day public comment period is now open. 3/ Galaxy's take: This removes the single biggest structural barrier to tokenized US equities trading in DeFi. 4/ The timing matters — with Kraken's World Cup sponsorship and SpaceX's tokenized IPO, 2026 is shaping up as the regulatory breakout year for tokenized assets. 💬 Rule 611 rescission: genuine unlock for tokenized stocks, or still too early to get excited? #RWA #Tokenization #SEC #Regulation #DeFi