The Blockchain Association challenges Citadel over the U.S. Securities and Exchange Commission's innovation exemption.

金色财经_ · 2026-04-06T19:07:17+00:00

Golden Finance reports that the cryptocurrency advocacy organization has responded to Citadel's call for stricter regulation of DeFi, stating that DeFi protocol developers should not be considered traditional intermediaries and opposing Citadel's request for the SEC to adopt more formal regulatory measures.

金色财经_

2026-04-06 19:07:17

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Golden Finance reports that on April 7, Monday, a crypto advocacy organization issued a response to the U.S. Securities and Exchange Commission (SEC). The response addressed Citadel’s letter from December, which argued for stricter regulation of DeFi.
In December last year, Citadel said that many DeFi protocols connect buyers and sellers through non-discretionary methods such as algorithms, which fit the definition of an exchange.
The company urged the U.S. Securities and Exchange Commission to adopt a more formal approach to notice-and-comment rulemaking, rather than granting exemptions, as regulators are currently considering.
However, the Blockchain Association rejected this position, saying that DeFi protocol developers are not brokers or dealers, nor do they operate exchanges, and that they “cannot be forced into the statutory categories designed for intermediaries intended to operate manually.”

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