a16z and the DeFi Education Fund have submitted a joint proposal to the U.S. Securities and Exchange Commission (SEC), requesting that decentralized exchanges (DEXs) be excluded from exchange registration requirements.
The proposal aims to create a rebuttable safe harbor for DEX protocols and their front ends, preventing them from being classified as exchanges under the Exchange Act. On the same day, a16z also submitted a second letter requesting the SEC to establish relevant mechanisms.
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Source:The Defiant · Source Link
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