Wall Street giants push back on exemptions for tokenized securities in SEC meeting

Five Wall Street firms met with the Securities and Exchange Commission’s Crypto Task Force Tuesday to discuss regulatory approaches to digital assets and decentralized finance (DeFi) and how tokenized securities should be treated under existing federal laws. According to the SEC memo, published Tuesday, representatives from the Securities Industry and Financial Markets Association (SIFMA), Cahill Gordon & Reindel LLP, Citadel LLC and JPMorgan Chase & Co. requested the meeting to follow up on recent letter ...