Citadel pushes SEC to classify open-source developers as unregistered stockbrokers – Uniswap fires back

Dec 6, 2025 - 18:45
Citadel pushes SEC to classify open-source developers as unregistered stockbrokers – Uniswap fires back
On Dec. 2, Citadel Securities filed a 13-page letter with the SEC arguing that decentralized protocols facilitating tokenized US equity trading already meet statutory definitions of exchanges and broker-dealers, and regulators should treat them accordingly. Two days later, the SEC’s Investor Advisory Committee convened a panel on tokenized equities that made clear the question is...

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