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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, on 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 about tokenized U.S. stocks and DeFi trading protocols. The Blockchain Association emphasized that it has urged CEO Summer Mersinger to attend the tokenization hearing and launched a tokenization policy workflow. Tokenization is the next phase of infrastructure upgrades for capital markets, and it should not simply be equated with traditional financial intermediaries. The SEC should use 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 tokenized markets as traditional financial intermediaries (of the same nature) and regulate it accordingly. (Source: Foresight News)