Citadel Urges SEC to Scrutinize DeFi Protocols, Drawing Strong Pushback From Crypto Industry

Citadel Urges SEC to Scrutinize DeFi Protocols, Drawing Strong Pushback From Crypto Industry

A Citadel Securities letter to the SEC argues that some DeFi systems resemble traditional exchanges and should face comparable oversight.

Unsiwap's founder accuses Citadel of pushing SEC toward harsh DeFi regulation

Hayden Adams, the founder of Uniswap, has alleged that Citadel founder Ken Griffin is influencing U.S. regulators in a manner that could redefine how decentralized finance (DeFi) developers are treated under federal securities laws. Adams argues that Griffin is urging the SEC to classify software engineers behind decentralized protocols as if they were operating traditional, centralized financial intermediaries. Adams flags Citadel’s push agains…

DeFi Regulation Faces Pressure as Citadel Warns SEC

Citadel, a major financial firm, has sent a warning to the U.S. Securities and Exchange Commission (SEC). The firm says that DeFi protocols should not get exemptions from regulations. According to Citadel, allowing DeFi platforms to skip exchange and broker-dealer rules could hurt fairness and market oversight. Why Citadel Is Concerned DeFi, or decentralized finance, lets people trade, lend and borrow assets without banks or brokers. It has grow…

Citadel Urges SEC to Regulate DeFi Platforms Trading Tokenized Stocks

Citadel urges SEC to regulate DeFi tokenized stocks, sparking clash between traditional finance and crypto innovators over oversight.

Citadel Urges SEC to Regulate DeFi Platforms Trading Tokenized Stocks - Coin Surges

The post Citadel Urges SEC to Regulate DeFi Platforms Trading Tokenized Stocks appeared first on Coinpedia Fintech News Citadel Securities has urged the U.S. SEC to tighten oversight on DeFi platforms that offer tokenized U.S. stocks. What began as a routine regulatory comment quickly escalated into a heated debate between traditional finance giants and crypto innovators—and the conversation is louder than ever. DeFi Under the Regulatory Lens Ci…

Citadel Cops Furor for Urging SEC Police Stocks on DeFi

Market maker Castle Securities has actually suggested that the Securities and Exchange Commission tighten up guidelines on decentralized financing when it pertains to tokenized stocks, triggering reaction from crypto users. Castle Securities informed the SEC in a letter on Tuesday that DeFi designers, smart-contract coders, and self-custody wallet suppliers need to not be offered “broad exemptive relief” for using trading of tokenized United Sta…