Market maker Citadel Securities urged the SEC to tighten regulations on decentralized finance for tokenized stocks. The move sparked backlash from the crypto community, with criticism from figures like lawyer Jake Chervinsky and Uniswap founder Hayden Adams. The Blockchain Association also warned against regulating software developers as financial intermediaries. SIFMA echoed similar sentiments, advocating for investor protections in tokenized securities markets. World Federation of Exchanges also urged the SEC to reject exemptions for crypto companies offering tokenized stocks.

Read more at CoinTelegraph: Citadel Cops Furor for Urging SEC Police Stocks on DeFi