Gate News message, April 24 — The DeFi Education Fund and other crypto advocacy organizations, including the Chamber of Digital Commerce, submitted a joint letter to the U.S. Securities and Exchange Commission (SEC) on April 24, requesting the agency to launch a formal DeFi rulemaking process based on its recent guidance. The SEC’s Division of Market and Trading previously clarified that certain software user interfaces used for trading cryptocurrencies do not require registration as broker-dealers.
The letter urges the SEC to codify these principles through a notice-and-comment rulemaking or advisory release, establishing an objective and clear framework that defines which activities fall under the “broker-dealer” definition while explicitly excluding validators, API and RPC providers, oracle services, and cloud infrastructure providers. The signatories seek long-term legal certainty for developers and wish to move beyond temporary guidance.
Under current SEC Chair Paul Atkins, the agency has adopted a more open and innovation-friendly stance toward digital assets, contrasting sharply with the approach of his predecessor. Industry participants have played an increasingly prominent role in the regulatory process.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Italian Researcher Wins 1 BTC Bounty for 32,767-Bit Quantum Attack on Elliptic Curve Keys
Gate News message, April 24 — Giancarlo Lelli, an Italian researcher, has been awarded one Bitcoin after demonstrating the largest-scale quantum attack on elliptic curve cryptography to date. The breakthrough escalates concerns about quantum threats to Bitcoin, Ethereum, and other assets secured
GateNews6m ago
DeFi Education Fund and 35 Crypto Leaders Urge SEC to Formalize DeFi Broker Guidance
Gate News message, April 24 — The DeFi Education Fund and 35 other crypto industry leaders are pressing the Securities and Exchange Commission to formalize its recent decentralized finance interface guidance into official rulemaking, according to a letter sent to the SEC this week.
On April 13, the
GateNews9m ago
DOJ Drops Powell Probe, Clearing Path for Warsh Fed Nomination
The U.S. Department of Justice has dropped its criminal investigation into Federal Reserve Chair Jerome Powell, clearing the way for the Senate to confirm incoming central bank chair Kevin Warsh, according to an announcement by U.S. Attorney for the District of Columbia Jeanine Pirro on Friday. The
CryptoFrontier1h ago
Tennessee Becomes Second State to Ban Crypto ATMs Statewide, Imposing Misdemeanor Penalties
Gate News message, April 24 — Tennessee has become the second U.S. state to impose a statewide ban on crypto ATMs, making it a misdemeanor to operate or host the machines anywhere in the state. Gov. Bill Lee signed House Bill 2505 into law on April 13 after it passed both chambers unanimously. The l
GateNews5h ago
U.S. Sanctions Iran-Linked Crypto Wallets; Tether Freezes $344 Million USDT
Gate News message, April 24 — U.S. Treasury Secretary Scott Bessent announced sanctions against multiple wallets linked to Iran on Thursday, as part of President Donald Trump's efforts to increase economic pressure on the country amid an ongoing ceasefire. "We will follow the money that Tehran is de
GateNews5h ago
