BREAKING: Galaxy Digital Pushes SEC to Add AMMs Under Tokenization Exemption

Mike Novogratz’s Galaxy Digital says automated market makers (AMMs) are not “exchanges” under the Exchange Act and liquidity providers on such AMMs are not “dealers” under the statutory dealer-trader distinction. The crypto firm urges the US SEC to permit tokenized securities trading on AMMs under the innovation exemption framework. Ad Ad Galaxy Digital Urges SEC

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