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a16z and DeFi Education Fund Advocate for dApp Regulatory Safe Harbor
a16z and DeFi Education Fund Advocate for dApp Regulatory Safe Harbor
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BTCCSquare news:
Andreessen Horowitz (a16z) and the DeFi Education Fund have formally requested the U.S. Securities and Exchange Commission to establish a regulatory SAFE harbor for decentralized applications (dApps). In a detailed letter to SEC Commissioner Hester Peirce, the groups argued that dApps functioning as non-custodial tools—rather than financial intermediaries—should not be subject to broker-dealer regulations.
The proposal outlines four key criteria for exemption: operation on decentralized protocols, non-custodial design, absence of investment advice, and full user control. This initiative follows growing industry unease after enforcement actions against Tornado Cash developers raised concerns about regulatory overreach.
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