Citadel dey urge SEC make dem treat tokenized securities as stocks
Citadel Securities don formally ask SEC crypto Task Force make dem treat tokenized securities like normal stocks, say make dem register and follow all di rules wey dey. Tokenized securities na blockchain-issued digital version of stock wey dey follow stock price but no get shareholder rights or full regulation protection. Citadel warn say if people market this kind product as alternative to listed stocks e fit harm investor protection, liquidity, IPO motivation, transparency, and market stability. Even though tokenized securities dey legal for some foreign markets, US rules still dey, and SEC dey waka debate if dem go fit adapt rules to balance on-chain trading. Citadel position show say traditional finance dey push back against crypto financial products. As government agencies dey think about changing rules, more big institutions fit challenge or adopt digital currency offers, making competition between traditional finance and crypto companies strong pass before.
Bearish
Citadel wan beg for tight control for tokenized securities show say regulatory eyes dey look dis tin well well, wey normally dey slow market movement for crypto-financial products. Past cases, like how SEC take action against unregistered exchanges and stablecoin makers, make people dey sell fast and market become shaking. Dis kain talk fit delay new token launch, make market money no too flow, and make issuer dem spend more to follow law. For long run, clear rules fit help big institutions to join, but now-now traders fit dey careful, reduce how dem dey gamble for digital stock tokens and other related blockchain things.