Cryptocurrency groups jointly request the SEC to establish regulations for DeFi

Deep Tide TechFlow News, April 24 — The DeFi Education Fund, in collaboration with the Digital Chamber of Commerce and several other crypto advocacy organizations, has officially sent a joint letter to the U.S. Securities and Exchange Commission (SEC), requesting the initiation of formal DeFi rulemaking procedures based on recent statements. Previously, the SEC’s Market and Trading Department had explicitly stated that certain software user interfaces used for trading cryptocurrencies do not need to register as broker-dealers, giving a green light for such activities.

The joint letter urges the SEC to formalize the above principles into an objective and clear framework through an announcement or comment-based rulemaking, clarifying which activities fall under the definition of “broker,” while excluding infrastructure providers such as validators, API and RPC providers, oracles, and cloud service providers. This aims to provide developers with long-term legal certainty and avoid reliance on temporary guidelines. Under the leadership of current Chair Paul Atkins, the SEC has taken a proactive and open stance toward digital asset innovation, contrasting sharply with the crackdown approach of previous administrations. The industry has also played an important role in the rulemaking process.