SEC Proposes Rescission of Regulation NMS Rules 611 and 610(e)
SEC proposes rescinding Regulation NMS Rules 611 and 610(e), which could affect market structure and indirectly impact crypto tax reporting by altering trading venue dynamics.
Aforeworn detected this change in the Crypto & DeFi Tax Reporting space on July 7, 2026 and published this briefing so affected operators are forewarned rather than caught off guard. It is rated Low urgency. Crypto exchanges/brokers, DeFi protocols, high-volume traders should confirm how it applies to their specific situation before acting. There is a time constraint attached: No deadline; comment period likely open for 60 days after publication in Federal Register.. Acting after that point can mean penalties, a lapsed licence, or lost eligibility — exactly the kind of surprise Aforeworn exists to prevent. Aforeworn monitors Crypto & DeFi Tax Reporting continuously and turns every detected change into a plain-English briefing like this one, so you always know first. Forewarned is forearmed.
What changed
SEC proposes to remove trade-through protection (Rule 611) and certain market data requirements (Rule 610(e)), potentially changing order execution and market data access.
Who it affects
Crypto exchanges/brokers, DeFi protocols, high-volume traders
What you must do
Monitor SEC rulemaking process; no immediate action required as proposal is not final.
Deadline
No deadline; comment period likely open for 60 days after publication in Federal Register.
Never miss a change like this again
Aforeworn watches Crypto & DeFi Tax Reporting around the clock and alerts you the moment a rule moves — with a plain-English brief on what to do.
Start your free trialRelated changes in Crypto & DeFi Tax Reporting
- SEC, CFTC Seek Public Comment to Further Clarify and Harmonize Derivatives Product Definitions
- SEC Appoints Kathleen Hutchinson as Director of Office of International Affairs
- SEC Publishes Updated Market Statistics, Highlighting Increase in IPOs and Proceeds Raised
- Newsroom | Internal Revenue Service
- South Africa releases draft crypto tax guide - Digital Watch Observatory