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DTCC announces that its subsidiary DTC has received a no-action letter from the SEC, which is indeed a major event and aligns with the previous two-year effort by Arkins to bring US stocks onto the blockchain.
The general content of this no-action letter includes: bringing the top 1000 US stocks onto the blockchain, highlighting high liquidity on the chain, which will introduce completely new possibilities.
Some crypto enthusiasts mistakenly believe that US stock on-chain is just a game for the crypto circle after going on-chain, which is absurd. The small ponds of trash coins in the crypto world have nothing to do with this.