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

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 recently released broker registration statement on "non-custodial user interfaces" for crypto asset securities issued by the Division of Trading and Markets. The joint signatories support the statement's exclusion of "non-custodial user interfaces" that solely provide technical access and allow users to self-manage their assets from broker registration, while urging the SEC to adopt formal rulemaking to establish a clearer and more sustainable definition standard for "broker," thereby avoiding incorrectly classifying neutral software tool providers, validators, RPC/API providers, oracles, cloud services, and other infrastructure as brokers. This would ensure investor protection while providing long-term legal certainty for blockchain infrastructure innovation.

Previously, the SEC's Division of Trading and Markets indicated that certain DeFi trading interfaces do not need to register as brokers, providing policy space for related applications. At the same time, supporters believe the new rule 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)