standard

National Market System

The U.S. regulatory framework linking exchanges, quotations and trade reporting for listed equities.

Known aliases

Relationships

No evidence-backed relationships are recorded.

Current clusters

A five-year SEC exemption lets tokenized NMS stocks trade in permissioned liquidity pools

The order carves out a new category called a tokenized securities venue, caps how many symbols and how much volume it can trade, and requires public smart contracts while the Commission drafts permanent rules.

Publishers:news.bitcoin.comsec.gov

Reality

Evidence84
Adoption: Insufficient
Hype gap+22
Incentives62
Confidence80