DeFi vs. Wall Street: Blockchain Association challenges Citadel over SEC’s innovation exemption
The Block
The Blockchain Association opposes Citadel's call for stricter DeFi regulation, urging the SEC to adopt an innovation exemption framework for tokenized assets.Summary
The Blockchain Association has challenged Citadel Securities regarding the regulation of decentralized finance (DeFi) protocols. While Citadel argues that many DeFi protocols function as exchanges and require strict oversight, the Blockchain Association contends that these developers are not traditional intermediaries and cannot be classified under existing securities categories. The association urges the SEC to move forward with an "innovation exemption" to support tokenized equity trading, characterizing Citadel’s push for lengthy rulemaking as a strategic delay that could stifle domestic technological progress.
(Source：The Block)