Citadel Calls for Stricter Oversight of DeFi Trading, Sparks Crypto Debate

Investment firm Citadel urges the SEC to deny broad exemptions for Decentralized Finance (DeFi) platforms enabling tokenized U.S. equity trading, arguing that these platforms mimic regulated exchanges and warrant heightened scrutiny. This stance has sparked criticism from crypto groups concerned about potential burden on developers and impact on U.S. competitiveness in this burgeoning market.