Crypto World News, according to coverage by crypto reporter Eleanor Terrett, more than 20 crypto companies and advocacy organizations led by the DeFi Education Fund have called on the U.S. Securities and Exchange Commission (SEC) to convert its recent guidance on DeFi interfaces into formal rules, arguing that informal statements are not sufficient to provide long-term certainty. Previously, staff in the SEC’s Division of Trading and Markets had said that some non-custodial user interfaces (such as DeFi front ends and wallets) may not fall within the scope of broker-dealer regulatory requirements. The coalition warned that, without formal rules, future SEC leadership could expand the definition of “broker-dealer,” bringing software developers and infrastructure providers into the scope, thereby stifling innovation.

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