SEC Proposes Rescinding Rule 611, Impacting Tokenized Stock Trading
- Proposed Rule Change: The SEC proposed on June 11, 2026, to rescind Rules 611 and 610(e), potentially removing structural barriers to trading tokenized U.S. stocks on decentralized finance platforms, marking a significant step in market structure reform.
- Public Comment Period: A 60-day public comment period has been established for the proposal, allowing market participants to provide feedback on the implications of removing the trade-through rule, which will influence the final decision-making process.
- Compliance Challenges: While rescinding Rule 611 may pave the way for tokenized stock trading, other legal and compliance hurdles remain unresolved, such as how to handle exchange registration, custody, and settlement issues, which are critical for market functionality.
- Industry Reaction: Alex Thorn from Galaxy Digital described the proposal as “one of the biggest unlocks yet for tokenized stocks,” but emphasized that simply rescinding Rule 611 does not address all compliance requirements for tokenized equities, necessitating a broader consideration of market structure.
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Technical Analysis for DEFI
Technical Sentiment Analysis for DeFi (DEFI). As of , DeFi (DEFI) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 2 indicators are flashing buy, while 5 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for DEFI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, DEFI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
DeFi (DEFI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0000674 | 0.000111 | 0.000152 | 0.000195 | 0.000236 | 0.000279 | 0.00032 |
| Fibonacci | 0.000111 | 0.000143 | 0.000163 | 0.000195 | 0.000227 | 0.000247 | 0.000279 |
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