{"id":630101,"date":"2025-02-25T09:53:55","date_gmt":"2025-02-25T09:53:55","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=630101"},"modified":"2025-02-25T09:53:55","modified_gmt":"2025-02-25T09:53:55","slug":"citadel-securities-ceo-ken-griffin-targets-crypto-market-amid-trumps-pro-digital-asset-stance","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/citadel-securities-ceo-ken-griffin-targets-crypto-market-amid-trumps-pro-digital-asset-stance","title":{"rendered":"Citadel Securities CEO Ken Griffin Targets Crypto Market Amid Trump’s Pro-Digital Asset Stance"},"content":{"rendered":"

Market-making giant Citadel Securities is looking to become a liquidity provider for the crypto market.<\/span><\/p>\n

The decision is inspired by US President Donald Trump’s embrace of the digital asset space, according to a Feb. 24 <\/span>report<\/span><\/a> by Bloomberg that cited sources familiar with the matter.<\/span><\/p>\n

\"Citadel<\/p>\n

Citadel Securities Aims To Provide Liquidity For Binance, Coinbase And Crypto.com<\/span><\/h2>\n

The market-making firm is aiming to become a service provider for leading crypto platforms, including those run by Coinbase Global Inc., Binance Holdings and Crypto.com, the sources said. Once approved, Citadel Securities initially plans to set up teams outside of the US. <\/span><\/p>\n

Speaking at the 2025 UBS Financial Services Conference in Key Biscayne, Florida, Citadel Securities founder and CEO Ken Griffin said the Trump administration should push for regulatory guidelines to keep fraud at bay in the crypto space.<\/span><\/p>\n

“We’ve seen time and time again in markets where your tier one players are allowed to participate are actually markets that clean themselves up,” Griffin said. He added that he would like to see this happen in the <\/span>crypto<\/span><\/a> space.<\/span><\/p>\n

Griffin Criticizes Biden Administration’s “Evil” Approach To Regulation<\/span><\/h2>\n

Griffin went on to criticize the Joe Biden administration for its “evil” approach to “regulation by enforcement” in the crypto space. In recent months, the Citadel Securities CEO and founder has also said it was a ”<\/span>mistake”<\/span> for his firm to have avoided the crypto market earlier. <\/span><\/p>\n

When Bitcoin surpassed $100K for the first time, Griffin said digital assets are part of the A<\/span>merican people reclaiming “agency” in their lives after electing Trump as Biden’s replacement.<\/span><\/p>\n

\n

Everyone talking about Powell’s Bitcoin comment. <\/p>\n

But the more bullish take was from Citadel CEO Ken Griffin (notorious crypto skeptic):<\/p>\n

“The question is how much has crypto captured the zeitgeist of the world. <\/p>\n

Why crypto is doing well ties into why people voted for Trump. It… pic.twitter.com\/AcuSoCLAeJ<\/a><\/p>\n

— Yano 🟪 (@JasonYanowitz) December 4, 2024<\/a><\/p><\/blockquote>\n