@xrpinsider: In XRP news today, the SEC issued temporary, conditional exemptive relief, permitting qualifying Tokenized Securities Venues to trade certain tokenized U.S. stocks through permissioned automated market makers and liquidity pools. The order draws immediate attention to XRPL’s native AMM as a candidate architecture for compliant tokenized-asset applications, but it does not approve XRP, XRPL, or the ledger’s public AMM for securities trading, and it grants XRP no new regulatory status. Anyone tracing the broader tokenized-finance narrative around Ripple’s ecosystem should read this alongside the ongoing RLUSD market cap growth story, which sits adjacent to but separate from this filing. What Is the SEC’s Temporary TSV and Liquidity-Provider Relief? Under Release No. 34-106402, the Commission granted qualifying Tokenized Securities Venues (TSVs) an exemption from the Exchange Act’s definition of “exchange,” subject to conditions. A TSV is defined as an organization that brings together buyers and sellers of tokenized NMS stock. They provide one or more AMM Liquidity Pools for permissioned participants, and set standards for who can access trading on those pools. Separately, the order exempts certain liquidity providers from “dealer” status when supplying tokenized NMS stock to an AMM Liquidity Pool with proprietary capital, despite dealing indicators such as quoting prices or committing capital. Eligible Tokenized NMS Stock includes securities tokenized by or on behalf of the issuer, along with tokenization by an independent third party. It clearly excludes synthetic exposure tools such as tokenized linked securities or security-based swaps. The order is described as temporary and conditional and includes a formal request for public comment, though the excerpt made available does not itself confirm a specific sunset date. That framing echoes the institutional push already visible in tokenized money market fund infrastructure, where regulated issuers are testing on-chain rails under close supervision. XRP News Today: Why XRPL’s AMM Isn’t a Drop-In Fit XRPL already runs an AMM at the protocol level. It is integrated with the ledger’s own order book DEX, according to XRPL’s documentation. Liquidity providers deposit paired assets and receive LP tokens in return. Trades execute through whichever route offers the better rate: the order book or the pool. This infrastructure predates the SEC order by years. It was never built with permissioned securities trading in mind. That distinction matters, and it is what most XRP news today glosses over. The SEC’s TSV framework is permissioned by design. Venues set access standards and control who joins each liquidity pool. XRPL’s AMM is structurally open. Anyone may create or fund a pool for eligible asset pairs. There are no identity checks, no issuer coordination and no surveillance layer. The Commission’s framework appears to require all three. Any compliant application built on XRPL’s AMM would need access controls layered on top. The protocol cannot simply be repurposed as it stands. The order does not designate XRPL as a TSV. It does not approve the public AMM for tokenized equity trading. And it does not change XRP’s regulatory classification in any way. The order requests public comment on the exemptive relief and on potential next steps, signaling that the Commission views this as an interim measure rather than a settled rule. The version of the order reviewed here does not establish a specific comment deadline or confirm a fixed sunset date for the relief. What is verifiable is narrower and more useful for positioning: the SEC has created a conditional, permissioned pathway for tokenized NMS stock trading via AMMs. #xrp #ripple #xrpl #xrpcommunity #xrparmy

XRP

Open In TikTok:

Region: US

Thursday 24 September 2026 11:40:53 GMT