According to a ChainCatcher report citing Decrypt, representatives from Wall Street giants JPMorgan Chase, Citadel, and the securities industry trade group SIFMA met with the U.S. Securities and Exchange Commission's (SEC) crypto task force on Tuesday to discuss concerns raised by the regulator's increasingly lenient approach toward digital assets. Attendees expressed worries that the SEC's upcoming plan to grant exemptions for tokenized securities could harm the U.S. economy as a whole and raised concerns about the agency's proposal to exempt certain DeFi projects from securities law compliance obligations. In meeting materials, SIFMA emphasized that regulatory treatment should be based on economic characteristics rather than technology or labels, warning that broad exemptions for tokenized trading activities could weaken investor protections and cause market chaos. The group cited the crypto market crash in October 2025 as an example of the potential risks.
JPMorgan, Citadel, and SIFMA Meet with SEC's Crypto Task Force to Discuss DeFi and Tokenized Securities Concerns
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Summary
SEC-related news broke on Tuesday as JPMorgan, Citadel, and SIFMA met with the SEC's crypto task force to express concerns regarding DeFi and tokenized securities. They warned that exemptions for tokenized assets could destabilize the market and undermine investor protections. SIFMA emphasized that regulations should focus on economic characteristics rather than technological labels, citing potential risks such as a DeFi exploit in October 2025.
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