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 The post BREAKING: Galaxy Digital Pushes SEC to Add AMMs Under Tokenization Exemption appeared first on CoinGape.

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