U.S. Blockchain Association Counters Citadel on Tokenization and DeFi Regulation

Letter Submitted to the SEC

The Blockchain Association (BA), a U.S. cryptocurrency industry group with over 100 members including Coinbase, submitted a letter to the U.S. Securities and Exchange Commission (SEC) on the 6th, addressing regulations concerning the tokenization of U.S. stocks and decentralized finance (DeFi).

The letter responds to a regulatory proposal previously submitted by major market maker Citadel Securities...