DeFi groups jointly write to SEC requesting rulemaking to clarify regulatory framework.

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The ME News reports that on April 25 (UTC+8), the DeFi Education Fund, together with multiple institutions including Aave Labs, Uniswap Labs, Paradigm, and Andreessen Horowitz, sent a letter to the U.S. SEC in response to a recent statement from the Division of Trading and Markets regarding broker-dealer registration for crypto asset securities’ “non-custodial user interfaces.” The signatories support the statement’s position that “non-custodial user interfaces,” which would only provide technical entry points and allow users to self-manage their assets, should be excluded from broker-dealer registration. They also call on the SEC to adopt formal rulemaking to provide clearer and more sustainable standards for defining “broker (broker).” This is intended to prevent neutral software tool providers, validators, RPC/API services, oracles, cloud services, and other infrastructure from being mistakenly included 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 said that some DeFi trading interfaces do not need to register as brokers, leaving policy space for related applications. At the same time, supporters believe that the new rules can cover infrastructure participants such as validators, APIs, and oracles. Currently, the U.S. crypto market legislation, the CLARITY Act, is stalled in the Senate. (Source: ChainCatcher)
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