The SEC often uses enforcement as legislation; now requiring a rulemaking process is reasonable.

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CryptoFrontier
DeFi Leaders Urge SEC to Formalize Broker Guidance Into Rulemaking
DeFi Industry Pushes for SEC Rulemaking on Broker Classification

The DeFi Education Fund, alongside 35 other crypto industry leaders, has urged the Securities and Exchange Commission to formalize its recent decentralized finance interface guidance into formal rulemaking, according to a letter
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