DeFi Education Fund and other crypto leaders press SEC to lock in DeFi broker guidance
The Block
The DeFi Education Fund and crypto industry leaders are urging the SEC to formalize its recent guidance on DeFi broker registration through official rulemaking.Summary
The DeFi Education Fund, joined by 35 other crypto industry entities, has formally requested that the U.S. Securities and Exchange Commission (SEC) transition its recent informal guidance regarding DeFi interface providers into official rulemaking. While the SEC recently clarified that certain interfaces like DeFi wallets do not automatically qualify as broker-dealers, industry leaders argue that this interim statement lacks sufficient legal permanence. The coalition emphasizes that establishing clear, objective, and principles-based criteria will foster innovation while providing the long-term regulatory certainty necessary to protect the market from overbroad interpretations of the term broker.
(Source：The Block)