Update
XRP Ledger Faces AMM Access Test Under SEC Rules
XRP Ledger faces a technical challenge as regulated tokenized stock trading raises questions about connecting approved traders with existing liquidity. The network has a native automated market maker and a decentralized exchange. An AMM lets traders swap assets against pools funded by liquidity providers. A permissioned DEX restricts trading access to accounts meeting specified conditions. FinanceBro's post argues that these features cannot work together under the current arrangement. Specifically, the permissioned exchange cannot access liquidity held in native AMM pools. That restriction could complicate trading designs requiring both controlled access and available liquidity.