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.

Metaplanet raccoglierà $21 milioni tramite obbligazioni per acquistare altri Bitcoin
WEEX ruba la scena a BlockchainRIO 2025

Potrebbe interessarti anche

Condividi
copy

Chi ha guadagnato

Ultime notizie crypto

03:21

Circle ha coniato 1 miliardo di USDC sulla rete Solana nelle ultime 24 ore

02:25

Un indirizzo whale ha acquistato 25,56 milioni di token ENA negli ultimi 4 giorni e detiene ancora 5,78 milioni di USDT per continuare ad acquistare.

02:23

Indice di paura e avidità delle criptovalute sale a 28, uscendo dalla zona "Extreme Fear"

02:21

Un indirizzo di balena ha depositato 2 milioni di U in HyperLiquid per sfruttare 5x long su SOL

02:19

L'attuale visualizzazione mainstream del tasso di finanziamento CEX, DEX mostra che il mercato è ancora in un forte sentiment ribassista.

Leggi di più
Community
icon
icon
icon
icon
icon
icon
icon
icon

Assistenza clienti@weikecs

Cooperazione aziendale@weikecs

Trading quantitativo e MM[email protected]

Servizi VIP[email protected]