The SEC approved a rule change allowing tokenized, round-the-clock stock trading, which is good news for crypto, Robinhood, and brokers, and could pull more money into US stocks.

• The SEC approved a rule change that lets stocks trade as tokens on crypto-style exchanges 24 hours a day, seven days a week.
• The rule also cuts back on some disclosure requirements, making it easier for these tokenized markets to operate.
• Crypto platforms and Robinhood are the biggest winners, since they are set up to offer this kind of trading.
• International investors get a much easier way to buy US stocks, which could push more money into the market.
• The move looks like a deliberate effort by the Trump administration to prop up markets, even with stocks already near record highs.

Outlook: Expect Robinhood and crypto exchange stocks to get a boost, with broader market support if the new international money flows in as hoped.