Wall Street Market Maker Citadel Securities Urges US SEC to Proceed Cautiously on Securities Tokenization
According to a report by Jinse Finance, Paul Atkins, Chairman of the US SEC, recently stated that traditional securities regulations may be simplified to help companies issue tokenized securities. In a comment letter to the SEC's cryptocurrency working group on Monday, Wall Street's major market maker Citadel Securities expressed concerns that such measures could lead to investor confusion and create an unfair competitive environment between exchanges and listed companies. Citadel Securities hopes that the US Securities and Exchange Commission (SEC) will proceed more cautiously in allowing the development of "tokenized" securities.
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