Crypto community jointly requests the SEC to establish regulations for DeFi

BlockBeats News, April 24, the DeFi Education Fund, together with the Chamber of Digital Commerce and several other crypto advocacy organizations, officially sent a joint letter to the U.S. Securities and Exchange Commission (SEC), requesting the initiation of a formal DeFi rulemaking process based on recent statements. Previously, the SEC's Division of Trading and Markets had made it clear that certain software user interfaces used for trading cryptocurrencies do not need to register as broker-dealers, giving the green light to such activities.

The joint letter urges the SEC to solidify the above principles into an objective and clear framework through notice or comment-based rulemaking, clearly defining which activities fall under the definition of "broker," while excluding foundational 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 current Chairman Paul Atkins, the SEC has adopted a positive and open attitude towards digital asset innovation, in sharp contrast with the suppressive approach of previous administrations, and the industry has also played an important role in the rulemaking process.