The Blockchain Association opposes Citadel's regulatory stance on DeFi and supports the SEC's innovative exemption framework.

ZkProver · 2026-04-07T00:55:13+00:00

The Blockchain Association responded to the U.S. Securities and Exchange Commission regarding Citadel's proposal to strengthen DeFi regulation, emphasizing that DeFi developers should not be considered traditional financial intermediaries. They called for the implementation of an "innovation exemption" mechanism to promote the adoption and innovation of blockchain technology.

ZkProver

2026-04-07 00:55:13

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ChainCatcher message: the Blockchain Association has submitted a comment letter to the U.S. Securities and Exchange Commission (SEC), responding to Citadel’s earlier claims about strengthening DeFi regulation.

The Blockchain Association said that DeFi protocol developers do not fall under brokers or exchange operators, and therefore cannot be included in a regulatory framework designed for traditional financial intermediaries. The organization also urged the SEC to advance an “innovation exemption” mechanism, providing room for regulatory pilot programs for on-chain assets and tokenized securities. It added that a comprehensive rulemaking process takes a long time, which could delay technical implementation and drive innovation overseas. Previously, Citadel had recommended that the SEC strengthen DeFi oversight through a formal legislative process.

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