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Decentralized finance and crypto proponents are pushing back against Citadel Securities' stance that the Securities and Exchange Commission should impose stricter rules on DeFi "intermediaries" â particularly for tokenized securities â calling the firm's position "flawed."In a letter sent on Friday âŚ
Today in crypto, Tornado Cash developer Roman Storm warns open-source developers of retroactive prosecution, NFT marketplace OpenSea pivoting to a multi-asset exchange. Meanwhile, Ondo Finance is urging the US SEC to delay or reject Nasdaqâs tokenized securities proposal. Roman Storm warns open-sourâŚ
Receipts Depositary Corp. (RDC), a start-up founded by a group of former Citigroup executives, is planning to launch XRP-backed securities, according to people familiar with the matter.This will give institutions access to XRP securities through U.S. regulated market infrastructure.The company willâŚ