A16z and DeFi Education Fund Propose Safe Harbor for DeFi Applications
Andreessen Horowitz (a16z) has submitted a petition to the Securities and Exchange Commission (SEC) seeking regulatory protection for decentralized finance (DeFi) platforms. This initiative is in collaboration with the DeFi Education Fund and follows recent support from the White House and SEC Chairman Paul Atkins.
- The petition aims to exempt certain DeFi applications from broker-dealer registration rules if they do not pose risks addressed by existing regulations.
- This request aligns with recommendations from a recent crypto report by the Trump administration advocating relief for specific DeFi service providers.
- a16z previously proposed safe harbors for network tokens, airdrops, and non-fungible tokens (NFTs) in letters to the SEC.
- Atkins has committed to implementing crypto-friendly measures despite the lack of comprehensive legislation, initiating "Project Crypto" to advance industry initiatives.
- a16z has invested in notable DeFi firms, including Uniswap and Maker.