A coalition of more than 30 crypto firms and advocacy groups, led by the DeFi Education Fund, has requested the U.S. Securities and Exchange Commission (SEC) to transform informal guidelines on DeFi interfaces into binding rules. The applicants argue that the current statement from the Division of Markets staff is insufficient, as it lacks legal weight and could be reversed by future administrations, leaving developers in a zone of legal uncertainty.
.@StandwithCrypto joined @fund_defi and +30 industry leaders to request that the SEC formalize the principles in its recent Staff Statementādistinguishing non-custodial UIs from broker activitiesāin notice-and-comment rulemaking, so we have durable regulatory clarity that lasts. pic.twitter.com/bhkq7t5bUQ
— Stand With Cryptoš”ļø (@standwithcrypto) April 24, 2026
The coalition’s concern centers on the classification of non-custodial interfaces and self-custody wallets under broker-dealer laws. According to the industry, these tools only translate user instructions to the blockchain without intermediating assets; therefore, they should not face the same regulations as traditional brokers. The lack of a formal framework, they warn, disincentivizes technological innovation and puts infrastructure providers, such as validators and oracles, at risk.
The goal is to achieve a rulemaking process with public notice and comment that guarantees lasting and neutral standards. In this way, the ecosystem seeks to protect software development against possible arbitrary expansions of the “broker” concept. The next step depends on the SEC’s openness to formalize these technical criteria in its regulatory agenda.
Source:https://x.com/standwithcrypto/status/2047677819728150554
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