A16z And DeFi Education Fund Ask SEC To Put DEXs Outside Exchange Registration
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6 Articles
According to ChainCatcher, a16z and the DeFi Education Fund jointly submitted a proposal to SEC Commissioner Hester Peirce, suggesting the establishment of a safe harbor rule and creating a "repudiable presumption" that decentralized exchange (DEX) protocols and their front-end interfaces do not fall under the definition of an "exchange" as defined by the Securities Exchange Act of 1934. On the same day, a16z also submitted a second letter urgin…
a16z and DeFi Education Fund are looking to the SEC to create a secure port for decentralized exchanges that operate without guarding funds. The proposal includes four conditions for DEX and specific rules for its interfaces, prices and market data.
a16z And DeFi Education Fund Ask SEC To Put DEXs Outside Exchange Registration
The two groups submitted a joint proposal to Commissioner Hester Peirce for a safe harbor that would create a rebuttable presumption that decentralized exchange protocols and their front-ends are not exchanges under the Exchange Act. a16z filed a second letter the same day asking the SEC to build a
Key points of the news: a16z and the DeFi Education Fund proposed to the SEC a secure port for DEXs and DEX Apps to be excluded from registration requirements as exchanges. The proposal sets out four objective criteria for DEXs: non-custodial of funds, automated execution, access without permission and credible neutrality. In addition, it is a ... Read more
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