Investment firm Citadel Securities called for increased regulation of DeFi protocols handling tokenized securities, sparking outrage in the industry. In response, the DeFi Education Fund, a16z, and others argued that onchain markets can meet investor protection goals without traditional SEC registration. Citadel claimed DeFi protocols could act as exchanges or brokerages in need of regulation, but the SEC under President Trump has sought to provide more policy leeway to the crypto industry. White House crypto adviser Patrick Witt expressed support for protecting software developers and DeFi. Citadel’s letter was criticized for factual inaccuracies, with the DeFi coalition suggesting Citadel is protecting its business interests.

Read more at Yahoo Finance: Citadel Securities and DeFi Waging War of Words Through SEC Correspondence