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.
Também poderá gostar de
Em alta
Últimas notícias cripto
Enquanto os EUA lutam para mediar, Rússia e Ucrânia lançam ataques uns contra os outros
Um determinado endereço "Flash Loan Attack Whale" acumulou 7066 ETH nos últimos 5 dias através de uma estratégia "Rug Pull Contract Buy Spot".
O Banco Popular da China convoca reunião do Mecanismo de Coordenação para Combate à Especulação em Transações de Moeda Virtual
「1011 Insider Whale」 abre nova posição curta ETH 5x, alcançando US$ 15 milhões em tamanho de posição
Hoje, o endereço da equipe do Hyperliquid liberou 2,6 milhões de HYPE da aposta.
Apoio ao cliente:@weikecs
Cooperação empresarial:@weikecs
Trading quant. e criação de mercados:[email protected]
Serviços VIP:[email protected]