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.
You may also like

TaiJi completes $3.5 million strategic financing, with investments from Castrum Capital, Becker Ventures, and Coinvestor Ventures

Bitcoin Stuck Near $73K? How Traders Are Finding Rewards in a Sideways June Market

What Is a Bitcoin ETF? A Simple Guide for 2026

Best AI Crypto Coins 2026: Top 7 Tokens Ranked by Data

How to Stake Solana: A Step-by-Step Guide for 2026

Exclusive Interview with Alpaca CEO: What is the background of the US stock underlying service provider behind Binance and Bitget?

Variant: Three types of L1 assets are highly likely to become the main means of value storage

Does the performance on Perp DEX become an "invisible threshold" and "amplifier" for new coins to go live on CEX?

Zhou Hang: How much is SpaceX really worth?

IOSG: From Coinbase to Upbit: How a Token Completes a 28-Day Journey of Taking Over

Morning Report | Strategy sold 32 BTC and over 800,000 shares of MSTR last week; Binance officially announced its U.S. stock trading portal; Polymarket reached an exclusive partnership with OneFootball

Guaranteed Price Now Live on WEEX: Execute with Greater Precision

Morning News | Michael Saylor releases Bitcoin Tracker information; Aave releases post-attack investigation on Kelp rsETH bridge; Gravity Bridge announces service suspension after being attacked

BIS's latest research: The future of stablecoins and the global monetary landscape

Interview with macro master Raoul Pal: The AI competition is giving rise to an "economic singularity," don't easily give up your chips in the next four years

Wang Chuan: How can one not feel anxious after the neighbor Old Wang made thirty times his investment in storage stocks? (Six) - The Trap of Homogeneous Products

"Trapped in the cryptocurrency world: Don't let the anxiety of missing out force you onto the most dangerous last train."

