Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.

Today in crypto, both the US and Hungary made moves to reshape how digital assets are traded and policed. The US securities regulator proposed scrapping two market rules that analysts said would be a major unlock for tokenized stocks. Lawmakers are also looking to create a new task force within the Department of Justice to coordinate crypto crime investigations. In Hungary, officials are looking to decriminalize crypto trading.

A US Securities and Exchange Commission proposal on Thursday to rescind rules around order protections and price quotes could remove a major legal barrier for tokenized US stocks, says Galaxy Digital head of research Alex Thorn.

The SEC plans to scrap rules in its national market system regulations, one banning “trade-throughs,” where a stock order on one exchange can’t be for a worse price than on another, and another banning exchanges from displaying a bid at the same or higher price than what is available elsewhere.

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