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a16z And DeFi Education Fund Ask SEC To Put DEXs Outside Exchange Registration
The two groups submitted a joint proposal to Commissioner Hester Peirce for a safe harbor that would create a rebuttable presumption that decentralized exchange protocols and their front-ends are not exchanges under the Exchange Act.
Why it matters
Policy text and timing change what products can ship and who can custody or list assets. Read the primary draft before treating a headline as a rule.
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