PANews reported on April 7 that the Blockchain Association has filed a response with the SEC refuting Citadel Securities' objections to tokenized U.S. equity securities and DeFi trading protocols. This is part of the Blockchain Association's ongoing tokenization policy framework, following CEO Summer Mersinger's testimony last month and the launch of its tokenization workflow.

The document emphasizes that tokenization, through blockchain technology, provides traditional financial assets with a modern, programmable trading infrastructure, enabling faster settlement, greater transparency, and more efficient asset liquidity. The association calls on the SEC to avoid treating neutral blockchain infrastructure as a traditional financial intermediary when regulating the tokenization market and advocates for a reasonable legal framework to support the responsible development of the tokenization market.