Citadel Securities, a major market maker handling around 35% of US stock market trading volume and moving about $500 billion daily, has announced its entry into the cryptocurrency market-making space. This move comes shortly after the U.S. Securities and Exchange Commission (SEC) dropped its legal actions against Coinbase, Robinhood, and OpenSea, signaling a potential shift in regulatory stance towards cryptocurrencies. The SEC's decision to provide relief by withdrawing its lawsuits against these key players in the crypto industry has been interpreted as a sign of easing regulatory pressure. This could pave the way for increased institutional participation in the crypto market. Citadel's entry into crypto market making is seen as a response to this changing landscape, aiming to provide liquidity to cryptocurrency exchanges. Industry observers suggest that Citadel's involvement, as a $65 billion market maker, could lead to tighter market spreads and increased efficiency in crypto trading. However, it may also result in reduced opportunities for retail traders to find profitable trading edges in major cryptocurrencies, as Citadel is expected to deploy delta neutral trading strategies. This development occurs as the global crypto market cap stands at $3 trillion.