Techub News message: DeFi Education Fund, together with multiple crypto advocacy organizations such as the Digital Chamber of Commerce, has formally sent a joint letter to the U.S. Securities and Exchange Commission (SEC), requesting the initiation of an official DeFi rulemaking process on the basis of recent statements. Previously, the SEC’s Division of Markets and Trading has already stated that certain software user interfaces used to trade cryptocurrencies do not need to register as broker-dealers.

The joint letter calls on the SEC to, through announcement-based or comment-based rulemaking, codify the above principles into an objective, clear framework, clarifying which activities fall within the definition of “broker,” while excluding infrastructure service providers such as validators, API and RPC providers, oracles, and cloud service providers. In this way, it will provide developers with long-term legal certainty and avoid relying on temporary guidance.