DeFi Education Fund, Andreesen Horowitz Demand SEC Create
0a16z
DeFi
SEC
The current proposal calls on the SEC to formally exempt neutral blockchain apps from broker-dealer rules, arguing that current enforcement risks stifling innovation and undermining the technology’s intended benefits.
Author
Julia Smith
Author
Julia Smith
About Author
Julia is an experienced editor with a passion for covering a wide variety of beats. She loves all things politics and regularly covers regulatory updates on emerging technology here for Crypto News.
Author Profile
Share
Copied
Last updated:
6 hours ago
Why Trust Cryptonews
Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews
Crypto advocacy initiative the DeFi Education Fund and Andreessen Horowitz (a16z) are encouraging the United States Securities and Exchange Commission (SEC) to develop a “safe harbor” for apps pertaining to the blockchain sector, according to an August 13 blog post published on the a16z website.
SEC Asked to Create Blockchain Safe Harbor.
Both the DeFi Education Fund and a16z submitted proposals to the SEC on August 12 in a bid to persuade the federal regulator to create a “safe harbor” for blockchain-powered apps.
“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 transact in securities,” the blog post reads.
As a...
https://cryptonews.com/news/defi-education-fund-andreeson-horowitz-demand-sec-create-blockchain-safe-harbor/
#crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #cryptonewstoday
***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT!
This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research.
bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple