Cryptocurrency groups jointly request the SEC to establish regulations for DeFi

The DeFi Education Fund, along with several other crypto advocacy organizations, has officially sent a joint letter to the U.S. Securities and Exchange Commission (SEC), requesting the initiation of a formal DeFi rule-making process based on recent statements.

Previously, the SEC's Division of Trading and Markets had clearly stated that certain software user interfaces used for trading cryptocurrencies do not need to register as broker-dealers, giving a green light to such activities. The joint letter calls on the SEC to solidify the above principles into an objective and clear framework through announcements or comment-based rule-making, clarifying which activities fall under the definition of "broker," while excluding infrastructure service providers such as validators, API and RPC providers, oracles, and cloud services. This would provide developers with long-term legal certainty and avoid reliance on temporary guidance. Under the leadership of current Chairman Paul Atkins, the SEC has taken a positive and open attitude towards digital asset innovation, contrasting sharply with the repressive stance of the previous administration, and the industry has also played an important role in the rule-making process.