Citron Research has criticized Coinbase for retracting its support for proposed crypto market structure legislation, suggesting that the exchange's decision is driven by concerns over competition rather than the bill's content. In contrast, Citron has endorsed Securitize, a tokenization platform backed by Blackrock, which plans to go public through a SPAC merger with Cantor Equity Partners II in the first half of 2026. Securitize, which has issued over $4 billion in tokenized assets and holds necessary licenses, is positioned to benefit from clearer regulatory frameworks. The company's move to go public is seen as a strategic step to capitalize on the evolving regulatory landscape in the crypto sector.