The Blockchain Association opposes Citadel's advocacy for DeFi regulation and supports the SEC's innovative exemption framework.
According to Odaily, the Blockchain Association has submitted a letter of opinion to the U.S. Securities and Exchange Commission (SEC), responding to Citadel's earlier proposal to strengthen DeFi regulation. The Blockchain Association stated that DeFi protocol developers do not qualify as brokers or exchange operators and should not be subjected to a regulatory framework designed for traditional financial intermediaries.
The organization also urged the SEC to advance an "innovation exemption" mechanism to provide a pilot regulatory space for on-chain assets and tokenized securities, pointing out that a comprehensive rulemaking process takes a long time, which could delay technological adoption and drive innovation overseas. Previously, Citadel had suggested that the SEC strengthen DeFi regulation through the formal legislative process. (The Block)
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