DeFi Education Fund, the Digital Chamber, and a coalition of crypto groups petitioned SEC Chair Paul Atkins to open formal notice-and-comment rulemaking that codifies when DeFi activity counts as broker activity. They want explicit carve-outs for validators, oracles, RPC/API providers, data networks, and cloud services โ€” infrastructure the SEC's Division of Markets and Trading already signaled shouldn't require broker-dealer registration. The play is locking that staff position into binding rules before a future administration reverses it.

TLDR by @Benthic

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