Citadel Warns Crypto Stocks Could Sideline Public Market Investors

From financefeeds.com

Citadel Securities is urging U.S. regulators to slow down on efforts to expand trading of tokenized securities, warning that the move could rattle equity markets and confuse investors. In a letter to the SEC’s Crypto Task Force, the market-making giant raised concerns about allowing blockchain-based assets to gain ground without clear regulatory guardrails. Tokenized securities — which can be traded around the clock, settled faster, and broken into fractional shares — are gaining traction, with platforms like Gemini, Robinhood, and Backed Finance rolling out offerings. Citadel argued that without proper ... (full story)