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🇺🇸 SEC Proposes Limiting Rule 15c2-11 to Equities Only
The SEC wants to narrow Rule 15c2-11, which governs OTC market quotation requirements, to apply only to equity securities.
Commissioner Hester Peirce is now asking the public whether crypto assets should fall under this rule.
Why it matters:
If crypto is excluded, broker-dealers could trade digital assets OTC without heavy equity-style compliance, making it far easier for Wall Street to enter crypto markets.
60-day comment period is now open.