Wall Street firms, including JPMorgan Chase, met with the U.S. SEC's crypto task force to discuss concerns regarding DeFi and other issues.

According to Mars Finance, Decrypt reported that representatives from Wall Street giants JPMorgan Chase and Citadel, along with the securities industry trade organization SIFMA, met with the U.S. Securities and Exchange Commission's (SEC) Crypto Working Group on Tuesday to discuss concerns raised by regulators' lenient stance on digital assets. Participants expressed concern that the SEC's upcoming plan to grant exemptions to tokenized securities could harm the overall U.S. economy and raised concerns about the SEC's plan to exclude some DeFi projects from securities law compliance obligations. SIFMA's meeting materials stated that regulatory treatment should be based on economic characteristics rather than technology or labels, and that broad exemptions for tokenized trading activities could weaken investor protection and lead to market chaos, citing the potential risks of a crypto market flash crash in October 2025 as an example.