Top Wall Street Firms Met With SEC Crypto Task Force to Discuss DeFi Concerns

In brief

  • Wall Street heavyweights met with the SEC Tuesday to discuss potential concerns with the agency’s crypto agenda.
  • A top securities trade group, SIFMA, warned that exemptions for tokenized securities and DeFi projects could destabilize markets.
  • SEC Chair Paul Atkins recently promised to formalize such exemptions for crypto by the end of January.

As crypto’s coveted market structure bill stalls in the Senate, top Wall Street players met with the SEC Tuesday to discuss numerous concerns with the regulator’s permissive approach to digital assets.

Representatives of JPMorgan, Citadel, and SIFMA, the powerful securities industry trade group, met with the SEC’s crypto task force yesterday to talk through the agency’s bold new…

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