PANews reported on August 13 that the DeFi Education Fund and Andreessen Horowitz (a16z) submitted a proposal to the U.S. Securities and Exchange Commission (SEC), calling for the creation of a regulatory safe harbor for blockchain applications to clarify the scope of broker rules.
The proposal mentioned that applications meeting safe harbor conditions must be non-custodial, not provide advice or exercise trading decisions, and the underlying protocol must be decentralized. The aim is to provide developers with necessary regulatory clarity while ensuring the SEC can continue to oversee high-risk activities. Previously, the SEC had investigated blockchain applications such as Uniswap, Coinbase Wallet, and OpenSea, but some cases have been dismissed.
