Citadel’s SEC Petition Targets DeFi as Exchanges, Fuels Crypto Backlash
Regulatory Push Reshapes DeFi Landscape In a development that underscores escalating tensions between traditional finance and decentralized ecosystems, Citadel Securities has urged the U.S. Securities and Exchange Commission (SEC) to classify major decentralized finance (DeFi) protocols as exchanges, potentially subjecting them to stringent oversight. This petition, filed alongside asset manager Paradigm, arrives amid a DeFi…