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

According to Hash World, the DeFi Education Fund, in collaboration with Andreessen Horowitz (also known as a16z), has submitted a proposal to the U.S. Securities and Exchange Commission (SEC), calling for the establishment of a regulatory safe harbor to clarify the broker conduct rules applicable to blockchain applications. The proposal emphasizes that applications qualifying for the safe harbor must be non-custodial, not provide advice or exercise trading decisions, and their underlying protocols must be decentralized. Such regulations aim to provide developers with necessary regulatory clarity while ensuring that the SEC can continue to oversee high-risk activities. Previously, the SEC investigated blockchain applications such as Uniswap, Coinbase Wallet, and OpenSea, but some of those cases have already been dismissed.