Derived from 528btc, Citadel Securities has urged the U.S. Securities and Exchange Commission (SEC) to reject a broad exemption for decentralized finance (DeFi) platforms trading tokenized U.S. stocks, arguing that these platforms operate similarly to exchanges and pose risks in transparency, compliance, and custody. The hedge fund emphasized that investor protections should not be overlooked despite supporting innovation. The move has drawn criticism from the crypto industry, with some noting that Citadel recently lost several legal staff to crypto firms and its CEO invested in a Solana-focused company.
Citadel Opposes DeFi Platform Exemption for Tokenized Stock Trading
币界网Share
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.