DeFi Industry Pushes Back Against Stricter SEC Regulatory Proposals in Latest Correspondence

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Source: CryptoNewsNet Original Title: Citadel Securities and DeFi Waging War of Words Through SEC Correspondence Original Link: After a 13-page letter from a major investment firm advised the U.S. Securities and Exchange Commission that decentralized finance (DeFi) protocols handling tokenized securities demand stricter regulatory oversight, the industry responded with its own correspondence, calling the arguments “baseless.”

“While we share the aims with respect to investor protections, orderly markets, and the integrity of the national market system, we disagree that achieving these goals always necessitates registration as traditional SEC intermediaries and cannot, in certain circumstances, be met through thoughtfully designed onchain markets,” according to the new letter to the SEC, signed by the DeFi Education Fund, venture capital firm Andreessen Horowitz (a16z), the DigitalChamber, Orca Creative, lawyer J.W. Verret and the Uniswap Foundation.

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BrokenYieldvip
· 12-15 18:39
lol citadel really went full karen mode with the sec, 13 pages just to say "we don't like competition"... classic smart money move tbh
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FomoAnxietyvip
· 12-14 21:13
Here we go again, traditional capital and DeFi blaming each other. This time, the SEC is probably about to be bombarded with a wave of documents.
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SellTheBouncevip
· 12-14 10:58
Here we go again, the classic showdown between traditional finance and decentralization. Citadel's letter to the SEC is just a move to expand their territory; DeFi countered swiftly. These two players are not even on the same level, and in the end, retail investors are the ones who foot the bill.
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SeeYouInFourYearsvip
· 12-13 15:01
The SEC is causing trouble again, and this time it really feels like they're trying to choke us off.
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SchrodingersPapervip
· 12-13 01:55
Is the SEC causing trouble again? These old folks in traditional finance really can't sit still, always thinking about how to choke us...
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AlphaLeakervip
· 12-13 01:54
Coming back with this again? Citadel is still doubling down on DeFi, really thinking too highly of itself.
View OriginalReply0
MetaMisfitvip
· 12-13 01:53
SEC is coming after us again, those folks at Citadel are really annoying.
View OriginalReply0
SelfStakingvip
· 12-13 01:50
The SEC really wants to crush DeFi completely this time. Having Citadel and those guys get involved makes it even more troublesome.
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FlashLoanLarryvip
· 12-13 01:42
Why does the SEC want to block us again this time? All they do is focus on these things every day.
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MetaverseHomelessvip
· 12-13 01:26
The SEC is causing trouble again; DeFi still has to be messed with by these folks.
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