logo

One of the world's largest market makers, Citadel Securities, urges the SEC to regulate tokenized stocks rigorously

By: theblockbeats.news|2025/07/23 02:12:23

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.

Trusta.AI(TA) Coin Airdrop : Comment Réclamer des Jetons Gratuits d’une Valeur de 3 Millions $ d’ici Juillet 2025
Airdrop Hylo Coin : Comment réclamer des tokens gratuits d’une valeur de 3 $ d’ici mai 2025

Vous pourriez aussi aimer

Partager
copy

À la hausse

Dernières actus crypto

16:49

La semaine prochaine Macro Outlook: La Fed a donné le ton ! La Fed face à l'« ultime bras de fer »

15:49

SAHARA connaît une chute soudaine de prix de 50%, provoquant une "réduction de moitié" de sa valeur boursière à 1,06 milliard de dollars

15:19

Au cours des dernières 24 heures, il y a eu un total de 159 millions de dollars de liquidations sur l'ensemble du réseau, la majorité provenant de positions longues.

13:49

L'équipe HyperLiquid a délié 2,6 millions de jetons HYPE, dont 609 000 envoyés à une plateforme OTC.

13:19

Trump: Les actions et les plans 401k ont atteint des sommets historiques, tandis que l'inflation, les prix et les taxes sont tous en baisse

Lire plus
Communauté
icon
icon
icon
icon
icon
icon
icon

Assistance client@weikecs

Collaborations commerciales@weikecs

Trading quantitatif/Market makers[email protected]

Programme VIP[email protected]