One of the world's largest market makers, Citadel Securities, urges the SEC to regulate tokenized stocks rigorously
BlockBeats News, July 23, One of the world's largest market makers, Citadel Securities, recently urged the U.S. Securities and Exchange Commission (SEC) to apply equivalent regulation to tokenized stocks and traditional stocks.
In a letter to the SEC's Crypto Asset Working Group this week, the company stated that regulators should avoid granting securities rule exemptions and instead focus on market liquidity and investor protection. "In short, while we strongly support technological innovation aimed at addressing market inefficiencies, attempting to issue 'securities-like' products through regulatory arbitrage is far from innovative."
TD Cowen analyst Jaret Seiberg also pointed out in a research report on Monday that there is still uncertainty in tokenized trading mechanisms, with some of the challenges revolving around optimal price discovery. "The traditional stock trading system requires achieving the national best bid or offer, which is what creates a multi-platform concurrent trading landscape. We believe that maintaining this mechanism will be difficult after stock tokenization."
Citadel advocates that the SEC should not grant exemptive relief and suggests advancing rulemaking through roundtable discussions. "The Commission must establish a deliberative and transparent process for assessment, including a public comment period and a complete cost-benefit analysis," the company emphasized in the letter.
Vous pourriez aussi aimer
À la hausse
Dernières actus crypto
「1011 Insider Whale」 ouvre une nouvelle position courte 5x ETH, atteignant 15 millions de dollars en taille de position
Aujourd'hui, l'adresse de l'équipe Hyperliquid a libéré 2,6 millions de HYPE du jalonnement.
En 2025, les institutions d'investissement ont investi près de 25 milliards de dollars dans les sociétés de cryptomonnaies, dépassant de loin les attentes du marché
Hier, l'ETF américain Ethereum Spot a enregistré une entrée nette de 76,6 millions de dollars
BANANA a fait un bref bond au cours de la nuit, franchissant les 11,8 $, avec un gain de 18,6 % sur 24 heures.
Assistance client:@weikecs
Collaborations commerciales:@weikecs
Trading quantitatif/Market makers:[email protected]
Programme VIP:[email protected]