Woofun AI reports that the SEC plans to abolish Rule 611 and Rule 610(e) under Regulation National Market System. This regulatory adjustment addresses structural barriers preventing Automated Market Makers from meeting real-time order routing and low-latency data access requirements. By replacing trade-by-trade supervision with a broker's 'best execution obligation,' the framework facilitates the integration of on-chain liquidity pools.

Concurrently, the proposed 'innovation exemption' mechanism aims to support further developments in tokenized securities, aligning with the 'Project Crypto' roadmap.