Citadel Urges SEC to Regulate DeFi Like Traditional Exchanges

Citadel Securities has submitted a letter urging the SEC to adopt stricter regulatory measures for decentralized finance (DeFi) platforms. The firm argues that these digital platforms, which operate on blockchain technology and offer financial services like lending and borrowing, often mirror traditional exchanges in their structure and function. This raises concerns about investor protection and market stability, prompting Citadel’s call for a regulatory framework similar to established financial exchanges.