DeFi education fund and other crypto leaders urge SEC to formalize broker guidance after wallet exemption clarity, warning current stance may lack durability without official rulemaking

April 2031 sunset is the actual deadline — staff guidance is one chair away from joining SAB 121 in the bin, and SAB 122 rescinded that within weeks of the admin change. DEF rallying 30+ co-signers because Atkins won't be there forever, and a durable broker-dealer carveout needs APA notice-and-comment rulemaking, not a Division statement. Post-Loper Bright that path is brutal but it's the only one that survives political turnover.

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