The US Securities and Exchange Commission (SEC) is planning to repeal the "trade-through rule," which had been in place since 2005, that required orders to be executed strictly at the best market price. According to Bloomberg Intelligence, this reform aims to create a legal path for the integration of tokenized traditional stocks into DeFi protocols. The old norm turned the stock market into a high-frequency trading algorithm race, where transactions were executed on microseconds, making compliance technically impossible for cryptoplatforms operating on a blockchain.

The SEC’s new approach will introduce innovative exceptions for the DeFi sector, allowing a token listing without strict speed requirements. The concept of best execution will be expanded, with brokers still required to provide advantageous terms, but now also taking into account the overall probability and security of the transaction. SEC Chairman Paul Atkins and experts, including Alex Thorne of Galaxy Digital, have called the initiative a major breakthrough for the market in tokenized assets, removing long-standing structural barriers.

However, the reform has caused a sharp backlash from traditional TradFi brokers. Critics accuse the SEC of rewriting fundamental market rules that retail investors have protected for decades in order to adapt to the needs of the crypto industry. However, the regulator intends to continue in the chosen direction to integrate classic finance with distributed ledger technology.

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The material is prepared solely for informational purposes and does not constitute a financial advice or recommendation.