As the Securities Exchange Commission (SEC) moves to a new approach to regulating digital assets, the DeFi Education Fund and Andreessen Horowitz have proposed safe harbor recommendations for certain applications. In a letter to Securities Exchange Commission (SEC) Commissioner Hester Peirce on Wednesday, the venture capital firm and DeFi advocacy group called for safe harbor rules to clarify brokerage rules for blockchain applications such as Uniswap, Coinbase Wallet, and OpenSea.
The DeFi Education Fund and a16z said the SEC took specific enforcement actions during the previous administration, suggesting that the agency implied that the apps needed to be registered as brokers. The SEC had accused Coinbase Wallet of acting as a broker but failed to register, but the court later dismissed the allegation. The SEC had also previously sent notices to Uniswap Labs and OpenSea saying they were under investigation, but those notices were later withdrawn.
DeFi Education Fund and a16z urge SEC to create regulatory safe harbor for blockchain applications
2025-08-13 09:09:55
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