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Citadel Securities urges the SEC to strengthen regulation of tokenized stocks and avoid exempting them from securities rules
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According to ChainCatcher, TheBlock reports that Wall Street’s prominent market maker Citadel Securities stated in a letter to the U.S. Securities and Exchange Commission (SEC) that tokenized stocks are facing resistance.
Citadel urges the SEC to avoid exempting securities regulations and instead focus on market liquidity and investor protection. The company is concerned that tokenized assets could drain liquidity from traditional markets and notes that investors are confused about who is issuing these assets.
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