Cryptocurrency Groups Jointly Urge SEC to Establish Rules on DeFi

BlockBeats News, April 24th. The DeFi Education Fund, in conjunction with the Chamber of Digital Commerce and several other crypto advocacy organizations, officially sent a joint letter to the U.S. Securities and Exchange Commission (SEC), requesting the initiation of a formal DeFi rulemaking process based on recent statements. Previously, the SEC's Division of Market and Trading has clearly stated that certain software user interfaces used for trading cryptocurrencies do not need to register as broker-dealers, giving the green light to such activities.

The joint letter urges the SEC to solidify the above principles into an objective and clear framework through public notice or comment-based rulemaking. It seeks to clarify what activities fall under the "broker" definition while excluding infrastructure service providers such as validators, API and RPC providers, oracles, and cloud services, thus providing developers with long-term legal certainty and avoiding reliance on ad-hoc guidance. Under the current leadership of Chairman Paul Atkins, the SEC has shown a proactive and open attitude towards digital asset innovation, a stark contrast to the enforcement stance of previous administrations, with the industry playing a key role in rulemaking.