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Citadel Securities Sounds Alarm: SEC’s Hasty Tokenized Securities Launch Could Backfire
Citadel Securities Sounds Alarm: SEC’s Hasty Tokenized Securities Launch Could Backfire
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Wall Street's trading titan throws cold water on regulators' crypto ambitions.
Citadel Securities—the $22 billion market-making behemoth—just fired a warning shot across the SEC's bow. Their message? Slow down the tokenized securities freight train before it derails.
Why the urgency? The firm sees disaster lurking in rushed crypto regulation. "Move fast and break things" works for tech startups—not for trillion-dollar financial markets.
Behind the scenes: Institutional players are getting antsy. Tokenization promises 24/7 trading and instant settlement. But without proper guardrails? Hello, flash crashes and manipulated markets.
The cynical take: Maybe the SEC should finish one crypto framework before jumping to the next. Just a thought.
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