Hyperliquid Policy Center and Douro Labs Urge SEC to Repeal Reg NMS Trade-Through RuleThe Hyperliquid Policy Center (HPC) and Douro Labs, a core contributor to Pyth Network, jointly submitted a comment letter to the U.S. Securities and Exchange Commission supporting the repeal of Rule 611 under Regulation NMS, commonly known as the trade-through rule. HPC argued that the rule was designed around centralized quotations and the National Best Bid and Offer (NBBO) framework and is poorly suited to AMMs, onchain ...