XRP Ledger Faces AMM Access Test Under SEC Rules

XRP Ledger’s permissioned DEX reportedly cannot access native AMM pools, raising questions about liquidity access for regulated tokenized stock trading. SEC provisions for qualifying tokenized stock venues place attention on permission controls, pool access, and how trades reach available liquidity. The reported compatibility gap does not establish a formal SEC finding against XRPL, while BXE’s role remains unverified in the supplied material. XRP Ledger faces a technical challenge as regulated tokenized stock trading raises questions about connecting approved traders with existing liquidity. Two Trading Systems Operate Separately The network has a native automated market maker and a decentralized exchange.