Venture Capital (VC) firm Andreessen Horowitz (a16z) and nonprofit research and advocacy organization DeFi Education Fund (DEF) have jointly submitted a key proposal to the Securities and Exchange Commission (SEC) to protect developers and innovation.

A16z, DeFi Group Partner For Crypto Policies

On Wednesday, a16z and the DeFi Education Fund sent a letter to SEC Commissioner Hester Peirce, urging the regulatory agency to exempt decentralized app (dApp) and developers from broker-dealer rules.

The VC firm and the DeFi advocacy group proposed a safe harbor from the broker registration requirements of the Securities Exchange Act of 1934 for trading interfaces that enable users to interact with blockchains and smart contract protocols, including those related to DeFi services and non-fung

See Full Page