Citadel Securities just threw a regulatory grenade at the SEC and CFTC.
They want clarity on who regulates equity-linked products — and they're not being subtle. Citadel's pushing for SEC primary oversight, calling out trading venues that are allegedly dodging SEC scrutiny by self-certifying under CFTC rules.
Why this matters: 24/7 stock perpetuals are coming. We're talking tradfi stocks with crypto-style perps, no market close, pure degen liquidity.
But the turf war between regulators could make or break how these products launch. If CFTC gets the nod, expect looser oversight. If SEC wins, expect tighter rules but more institutional confidence.
This isn't just regulatory theater — it's the battle for the next wave of hybrid tradfi-crypto products. Watch this space.
They want clarity on who regulates equity-linked products — and they're not being subtle. Citadel's pushing for SEC primary oversight, calling out trading venues that are allegedly dodging SEC scrutiny by self-certifying under CFTC rules.
Why this matters: 24/7 stock perpetuals are coming. We're talking tradfi stocks with crypto-style perps, no market close, pure degen liquidity.
But the turf war between regulators could make or break how these products launch. If CFTC gets the nod, expect looser oversight. If SEC wins, expect tighter rules but more institutional confidence.
This isn't just regulatory theater — it's the battle for the next wave of hybrid tradfi-crypto products. Watch this space.