Citron Targets Coinbase, Supports Securitize’s IPO Plan

Citron Research sharply criticized Coinbase for abandoning support of crypto market structure legislation, arguing the exchange’s retreat reflects self-interest and fear of increased competition rather than genuine policy concerns. The firm instead highlighted Securitize, a tokenization platform backed by BlackRock and poised to go public via SPAC in the first half of 2026. With over $4 billion in tokenized assets issued and key regulatory licenses secured, Securitize stands to benefit from clearer rules and broader institutional adoption in crypto.