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A16z and the DeFi Education Fund are asking the SEC for a safe harbor for blockchain technology. Simply put, this means that projects wouldn’t have to pursue broker registration for DeFi apps. 

“While decentralized blockchain systems underlying apps are clearly excluded from the SEC’s broker-dealer registration regimes, apps face regulatory uncertainty because they are typically developed and maintained by centralized actors. The SEC has previously taken the position — through enforcement actions and Wells notices — that developers of apps could be deemed brokers if they enabled users to…

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