HSBC: The Struggle Over Tokenized US Stocks is Growing

HSBC announced that the political struggle regarding the regulation of tokenized U.S. stocks has intensified recently. The bank stated that decentralized finance (DeFi) is being targeted directly.

HSBC emphasized that Citadel has requested the U.S. Securities and Exchange Commission (SEC) to impose exchange obligations on DeFi protocols. Citadel warned that a weak parallel market could emerge if exemptions are granted.