DeFi groups jointly write to SEC requesting rule-making to clarify regulatory framework

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ME News reports that on April 25 (UTC+8), the DeFi Education Fund, together with Aave Labs, Uniswap Labs, Paradigm, Andreessen Horowitz and other institutions, sent a letter to the U.S. SEC in response to the recent statement by the Division of Trading and Markets regarding broker registration for "non-custodial user interfaces" of crypto asset securities. The co-signatories support the statement's exclusion of "non-custodial user interfaces"—which merely provide technical access and allow users to self-manage assets—from broker registration, while calling on the SEC to adopt formal rulemaking to establish clearer and more sustainable standards for defining "broker." They urge avoiding the erroneous inclusion of neutral software tool providers, validators, RPC/API services, oracles, cloud services, and other infrastructure under broker regulation, thereby providing long-term legal certainty for blockchain infrastructure innovation while ensuring investor protection. Previously, the SEC's Division of Trading and Markets indicated that some DeFi trading interfaces do not need to register as brokers, offering policy space for related applications. Meanwhile, supporters believe the new rules could cover infrastructure participants such as validators, APIs, and oracles. Currently, the CLARITY Act for U.S. crypto market legislation is stalled in the Senate. (Source: ChainCatcher)
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