🇺🇸🍿 Citadel Securities has sent a letter to the SEC urging the agency to fully identify all intermediaries involved in trading tokenized U.S. equities — including decentralized trading protocols — arguing these platforms often resemble exchanges or broker-dealers under current SEC classifications.

In response, the DeFi Education Fund, Andreessen Horowitz, The Digital Chamber, the Uniswap Foundation and others filed a letter with the SEC, contending that Citadel's analysis is flawed and would extend SEC registration requirements to virtually any entity with even a tangential link to DeFi transactions. The Block reports.