SEC
Citadel Securities and DeFi Waging War of Words Through SEC Correspondence
The investing giant had asked the U.S. Securities and Exchange Commission to treat DeFi players like regulated entities, and the DeFi crowd pushed back.

U.S. SEC Gives Implicit Nod for Tokenized Stocks
Clearing and settlement company the Depository Trust & Clearing Corp. said a subsidiary had received a no-action letter to offer tokenized real-world assets.

Regulatory Battle Over Tokenized U.S. Stocks Escalates, HSBC Says
Citadel Securities has urged the SEC to treat decentralized finance trading venues like traditional exchanges, a stance facing opposition from the crypto industry.

Citadel Securities Challenges DeFi Framework in Letter to SEC, Sparking Industry Outrage
A Citadel Securities letter to the SEC argues that some DeFi systems resemble traditional exchanges and should face comparable oversight.

Avalanche ETF Race Heats Up as Bitwise Becomes First to Add Staking
Bitwise moves its Avalanche ETF closer to market with updated SEC filing and becomes first issuer to include staking.

Ondo Finance Urges SEC to Delay Nasdaq's Tokenization Plan Over Transparency Gaps
The proposed rule change relies on Nasdaq's vague understanding of how the Depository Trust Company (DTC) would handle post-trade settlement for these tokens.

SEC Aiming to Formalize 'Innovation Exemption' by End of Year, Chair Atkins Says
While the government shutdown is slowing the SEC's work, Atkins said he still intends to initiate formal rulemaking by the end of 2025 or beginning of 2026.

Wall Street Wants in on DeFi. Here’s How to Make It Happen
Programmable yield, automated compliance, and access to FedNow could bring decentralized finance, or “DeFi,” into the financial mainstream.

State of Crypto: ETF Listings Became Easier
Companies just need to prove they meet new generic listing standards.

SEC Makes Spot Crypto ETF Listing Process Easier, Approves Grayscale's Large-Cap Crypto Fund
The move opens the way for exchanges to list spot digital asset-backed funds without the case-by-case approval of the regulator.
