Citadel Securities Warns SEC Against Rushed Tokenized Securities Rollout

Description

Citadel Securities is pressing U.S. regulators to slow down on new rules that would enable widespread trading of tokenized securities, citing concerns about market disruption and investor confusion. In a letter to the U.S. Securities and Exchange Commission’s Crypto Task Force, the market-making firm argued that allowing these blockchain-based products to advance without a clear regulatory framework could create unfair advantages for cryptocurrency platforms and drain liquidity from traditional ...