Wall Street Giants Confer with SEC on DeFi Issues

Major firms like Citadel, SIFMA, and JPMorgan engaged in discussions with the SEC regarding DeFi regulations and concerns over a pro-crypto stance.

On Tuesday, representatives from leading Wall Street firms, including Citadel, the Securities Industry and Financial Markets Association (SIFMA), and JPMorgan, gathered for a crucial meeting with the Securities and Exchange Commission (SEC). During this dialogue, they expressed their apprehensions regarding the SEC's increasingly favorable approach towards cryptocurrency.

These major financial institutions are voicing their concerns about decentralized finance (DeFi) and the potential implications of the SEC's pro-crypto policies. Their discussions highlight the tensions between traditional financial entities and the evolving crypto regulatory landscape.