DeFi Education Fund and a16z call on the SEC to create a regulatory safe harbor for blockchain applications

Odaily Planet Daily News: DeFi Education Fund and Andreessen Horowitz (a 16 z) 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 application of rules for them as brokers. The proposal mentioned that applications that meet the safe harbor conditions must be non-custodial, do not provide advice or exercise trading decisions, and the underlying protocol must be decentralized. This move is intended to provide developers with the necessary regulatory clarity while ensuring that the SEC can continue to supervise high-risk activities. Previously, the SEC had investigated blockchain applications such as Uniswap, Coinbase Wallet and OpenSea, but some cases have been withdrawn. (The Block)