"The crypto industry is urging the U.S. Securities and Exchange Commission (SEC) to turn recent guidance on decentralized tools into formal rules, a move supporters see as positive for long-term blockchain development."
"On April 21, DeFi Education Fund and over 30 organizations submitted a letter backing the agency's position on certain crypto transaction interfaces while pressing for a formal regulatory framework that would provide lasting clarity."
"The coalition supported the regulator's distinction on non-custodial tools, arguing that these interfaces serve as technical infrastructure rather than transaction intermediaries."
"The letter stated: We therefore respectfully urge the Commission to build upon the Statement through notice-and-comment rulemaking."
The U.S. Securities and Exchange Commission (SEC) is being urged by over 30 crypto industry participants to formalize its guidance on decentralized finance (DeFi) tools. This call for clearer rules aims to reduce regulatory ambiguity surrounding SEC broker rules, which is seen as a threat to blockchain innovation. The DeFi Education Fund organized a letter supporting the SEC's position on certain crypto transaction interfaces, advocating for a principles-based framework that clearly defines broker activity in the context of crypto markets.
Read at news.bitcoin.com
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