Over the years of the care of its portfolio portfolios through the US water regulations, Andresen Horowitz (A16Z) has made many proposals to maintain security laws from crypto activity, and a new petition to the Securities and Exchange Commission is seeking such protection for decentralized finances (Defi) Websites and mobile applications.
The request, sent to collaboration with the Defi Education Fund on Wednesday, follows a support of support from the White House and SEC Chairman Paul Atkins, encouraging this corner of the crypto sector to move forward without diligent regulation headwinds. The administration of President Donald Trump has made a recent crypto report that with the recommendations to “provide relief for some defi service providers” from broker-dealer registration policies.
“The guide principle of Safe Harbor is that apps that not only reveal the risks that the broker-dealer regulation of the Exchange Act should be eligible; in such cases, registering as a broker under the exchange act is not, inappropriate,” according to the proposal.
In March, the A16z sent a Long letter to the SEC crypto work force Outlines the company’s preferences for safe harbors for network tokens and airdrops, and Another proposal Request for an exempt space for unimaginable tokens (NFTS). Andreessen Horowitz’s arm has also invested in Defi companies, including Uniswap and Maker.
Trump’s SEC leader Atkins, promised to begin taking actions that are friendly to crypto, even without the long-awaited law of Congress to fully promote digital assets regulations in the US-an effort still being carried out in the Senate, following a recent House vote to approve such a bill. Atkins says his agency is Beginning with “Project Crypto” To carry out its initiatives.
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