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Blockchain Association submits a response to the SEC, rebutting Citadel's opinions on tokenized US stocks and DeFi trading protocols
ME News Report, April 7 (UTC+8), the Blockchain Association tweeted that it has submitted a response to the U.S. Securities and Exchange Commission (SEC) today, rebutting Citadel’s arguments regarding tokenized U.S. stocks and DeFi trading protocols. The Blockchain Association emphasized that it has promoted CEO Summer Mersinger to attend the tokenization hearing and has initiated a tokenization policy workflow. Tokenization is the next phase of infrastructure upgrade in capital markets and should not be simply equated with traditional financial intermediaries. The SEC should utilize existing regulatory tools to support responsible innovation rather than hinder development. Previously, Citadel stated that it hopes the SEC will treat the blockchain infrastructure behind the tokenized markets as traditional financial intermediaries (of the same nature) and regulate them accordingly. (Source: Foresight News)