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Citadel Securities and DeFi Clash Over SEC Regulation in Correspondence

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Citadel Securities and DeFi groups have exchanged letters with the SEC, with Citadel pushing for tighter rules on DeFi platforms handling tokenized securities. The DeFi coalition, including a16z and the Uniswap Foundation, says onchain markets can protect investors without SEC registration. Citadel argues DeFi protocols may act as unregistered exchanges. The DeFi Education Fund claims Citadel is trying to shield its own interests. What is clear is that the crypto industry remains deeply divided over regulatory direction.
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