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

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ME News, April 25 (UTC+8), 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 crypto asset securities "non-custodial user interface" broker registration statement issued by the Division of Trading and Markets. The co-signatories support the statement's exclusion of "non-custodial user interfaces" that merely provide technical access and allow users to self-custody assets from broker registration, while urging the SEC to adopt formal rulemaking to provide clearer and more sustainable standards for defining "broker," avoiding the erroneous inclusion of neutral software tool providers, validators, RPC/API services, oracles, cloud services, and other infrastructure under broker regulation, thereby ensuring investor protection while providing long-term legal certainty for blockchain infrastructure innovation. Previously, the SEC's Division of Trading and Markets stated that some DeFi trading interfaces do not need to register as brokers, providing policy room for related applications. Meanwhile, supporters believe the new rules could cover infrastructure participants such as validators, APIs, and oracles. The current U.S. crypto market legislation, the "CLARITY Act," is stalled in the Senate. (Source: ChainCatcher)
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