Leaders from Coinbase, BlackRock, and Citadel Securities expressed differing views on how to regulate the tokenization of real-world assets during a meeting with the SEC's Investor Advisory Committee on December 4th. The discussion highlighted a growing divide between crypto-native firms and traditional finance giants regarding the future regulatory framework for the industry, particularly concerning the role of decentralized finance (DeFi). The meeting's focus was on the path forward for tokenization regulation. This conversation is critical for the digital asset sector's evolution and follows a controversial letter from Citadel to the SEC, which called for tighter controls on DeFi protocols and sparked backlash from the crypto community.