Citadel told the SEC to slow down on tokenized stocks
Citadel Securities has officially told the U.S. Securities and Exchange Commission to hit pause on rushing tokenized stocks into the financial system.
In a letter sent Monday to the SEC’s Crypto Task Force, the trading firm warned that moving too quickly could create confusion for investors and tip the scales unfairly in favor of some exchanges and private companies.
The firm said this after SEC Chairman Paul Atkins signaled interest in rewriting existing rules to support crypto-based securities.
According to Bloomberg, Citadel is pushing the SEC to follow a structured rulemaking process before allowing tokenized securities to go live. They’re asking the agency to avoid shortcuts that could open doors to regulatory loopholes.
Citadel made it clear in the letter that tokenized products should win on their actual merit, not because they found a backdoor through unclear rules.

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