Benchmark research report: US SEC plans to revoke some market structure rules, benefiting tokenized stocks and AMM

According to a research report by investment bank Benchmark, the US Securities and Exchange Commission (SEC) plans to revoke Rule 611 and Rule 610 (e) in Regulation NMS, which was announced on June 11th. Benchmark believes that revoking the above rules will lower compliance barriers for tokenized stocks and on chain trading systems, making it easier for AMM trading models to integrate into the US capital market. Securitize, Coinbase, and Galaxy Digital are listed as potential beneficiaries. The SEC has opened a 60 day public opinion period, and the final vote is expected to take place in early 2027.