Cryptocurrency groups jointly request the SEC to establish regulations for DeFi

Golden Finance reports that on April 24th, the DeFi Education Fund, in collaboration with the Digital Chamber of Commerce and several other crypto advocacy organizations, officially sent a joint letter to the U.S. Securities and Exchange Commission (SEC), requesting the initiation of a formal DeFi rulemaking process based on recent statements. Previously, the SEC’s Market and Trading Division had explicitly stated that certain software user interfaces used for trading cryptocurrencies do not need to register as broker-dealers, effectively giving a green light to such activities.
The joint letter urges the SEC to formalize these principles into an objective and clear framework through an announcement or comment-based rulemaking, clarifying which activities fall under the definition of “broker,” while excluding infrastructure providers such as validators, API and RPC providers, oracles, and cloud service providers, thereby providing developers with long-term legal certainty and avoiding reliance on temporary guidelines. Under the leadership of current Chair Paul Atkins, the SEC has shown a positive and open attitude toward digital asset innovation, contrasting sharply with the crackdown stance of previous administrations, and the industry has also played an important role in the rulemaking process.