Blockchain Association Backs SEC Plan to Scrap Old NMS Rules

The Blockchain Association recently spoke up in favor of an SEC proposal to remove old National Market System rules. These regulations were originally set up back in 2005. According to the association, those old rules have completely failed to achieve their original goals.

Getting rid of these outdated standards could bring big changes for the industry. The association believes this move will help open the door for better tokenization benefits. Outdated regulations often slow down new financial technology, so removing them is a step forward.

Traders and developers should watch for how the SEC responds to this feedback. If the agency decides to move ahead, tokenized assets might see a clearer path forward in traditional markets.