#DeFiGetsGraded
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DeFi defenders push for the SEC to clarify its policies.
Developers in the blockchain world often create applications to enhance the user experience while interacting with autonomous robots on the Internet, programs that run without any human in charge.
Why it matters:
Policymakers will need to decide which of these gateways should be "regulated brokers" in our cryptocurrency-driven future and which can be trusted to operate without constant oversight.
The DeFi Education Fund, a trade group, and a16z Crypto, a major investor, have drafted recommendations to the SEC for the creation of a safe harbor (an exception to registration requirements) for certain blockchain-based financial applications.