HPC and Douro Labs back SEC plan to scrap trade-through rule
Aug 17, 2026
< 1 min read
by Hannah Collymore
for CryptoPolitan

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AI Overview
On August 17, 2026 the Hyperliquid Policy Center and Pyth Network contributor Douro Labs asked the SEC to repeal Rule 611, the 2005 trade-through rule, arguing it cannot properly describe how stock trades are settled on public blockchains. They contend ending Rule 611 would modernize securities regulation to reflect blockchain settlement and could materially impact crypto market structure, tokenized securities, DeFi, DEX and CEX interoperability and adoption.
Bullish
The Hyperliquid Policy Center (HPC) and Pyth Network contributor, Douro Labs, asked the Securities and Exchange Commission (SEC), on August 17 2026, to end Rule 611. Rule 611 is the 2005 trade-through rule. HPC and Duro Labs argue that Rule 611 is unable to properly describe how stock trades are settled on public blockchains and...




