Citadel dey urge SEC make dem regulate tokenized shares as equities

Citadel Securities wey be di biggest market maker for di world don beg di U.S. Securities and Exchange Commission make dem regulate tokenized securities under di same law wey dem dey use for traditional stocks. For letter wey dem write to SEC Crypto Task Force, Citadel warn say if dem gree make plenty exemptions dey for tokenized securities, e fit make regulation chop where e no suppose, split liquidity, and make person fit get plenty wahala with dia counterparty. Dem no gree with regulatory sandbox and dem talk say make dem do real law wey go include cost-benefit check plus public talk. Di company talk say tokenized securities must hold core investor protection like best execution, open market, and fair access and dem recommend make dem reveal who issuer be, rights wey dey attach, plus how e fit match di price of stock wey e base on. Citadel also warn say investors fit confuse for voting rights and tax matter. Lastly, dem talk say tokenization suppose bring real innovation like instant settlement and fractional ownership without spoil market integrity, and dem urge say SEC, CFTC and other regulators abroad make dem join hand to close any loopholes.