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Aaron Wood

OpenAI submits confidential IPO filing; SEC targets Rule 611; Hungary eases crypto rules

OpenAI said on June 8 it confidentially submitted an IPO filing to the SEC, while noting it has not settled on a timeline for going public. Separately, the SEC proposed removing parts of its NMS framework including Rule 611, a change one analyst said could reduce structural friction for tokenized US equities. Hungary’s new Tisza-led government also said it will roll back prior crypto-trading restrictions that included approval requirements for conversions and criminal penalties.
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