Citadel De Ask SEC to Halt Tokenized Stocks Over Policy Shift
Citadel Securities don dey beg SEC make dem stop tokenized stocks, warn say if dem rush am enter market e fit confuse investors and give some firms unfair advantage. Di trading firm dey demand say make dem do formal rulemaking wey get public input before dem approve any tokenized stocks. Meanwhile, SEC Chair Paul Atkins dey find one "innovation exception" to help grow crypto-based securities and e support new stablecoin law wey require dollar-for-dollar reserves for low-risk assets. US House just approve GENIUS Act, CLARITY Act plus Anti-CBDC Surveillance Act, dem want modernize financial infrastructure and make token rules clear. Industry supporters dey hail dis as DeFi win, but critics like Senator Warren dey warn say protection for consumers no strong enough. Traders suppose note say dis push for clear regulation fit delay tokenized stocks but e go help shape long-term market stability.
Neutral
Di call we Citadel make dem pause tokenized stocks dey bring short-term wahala and fit slow down how people go begin use am, but SEC wey dey find better way and clear rules for stablecoin dey show say dem go support tokenized securities for long run. The mix of regulatory wahala and proper rule-making mean say na balanced view e get: make dem wait small and dey careful now, but better growth fit come later when dem don set the right framework.