SEC Plan to Scrap Decades-Old Stock Rule Set to Benefit Crypto

A proposal by the top US securities regulator to eliminate a rule that mandates stock investors get the best possible prices for their transactions will benefit a new and growing corner of the financial market: crypto.

The Securities and Exchange Commission last week proposed eliminating the so-called trade through rule, which prohibits exchanges, alternative trading systems and other market participants from executing trades that “trade through” or execute at prices worse than the national best bid or offer. The rule has helped ensure individual investors as well as institutions get a fair deal in a highly competitive and fragmented ...