This proposal for a regulatory 'safe harbor' in the US for DeFi apps is important because it can significantly reduce legal pressure on legitimate projects, which tends to stimulate innovation and attract capital to the sector.
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What is the proposal
• Authors: DeFi Education Fund + a16z Crypto (Andreesen Horowitz, one of the largest venture capital funds in the technology and crypto sector).
• Objective: To create a legal protection zone ('safe harbor') for certain DeFi applications, so they are not treated as brokers by the SEC or other regulatory agencies.
• Criteria to qualify:
1. Do not custody funds – the app does not hold users' money.
2. Do not offer financial advice – no personalized investment recommendations.
3. Do not capture or intermediate transactions – everything happens directly on the blockchain, via smart contracts.
4. Immutable code – there can be no administrative control over the protocol (prevents manipulation).
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Why this could heat up the crypto market
1. Less fear of lawsuits
Developers and companies could launch DApps (decentralized applications) without fear of facing legal action for 'brokerage activity' without a license.
2. More innovation
With lower regulatory barriers, new lending protocols, automated exchanges (DEXs), derivatives, and even blockchain games could emerge faster.
3. More institutional investors
Hedge funds and venture capital funds tend to invest more when regulatory risk is clear and controlled.
4. Global expansion
If the US adopts this model, other countries may follow, creating a more DeFi-friendly international standard.
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#DeFi: #crypto #investimento #EconomiaGlobal #bitcoin $BNB $ETH $BNB
