DeFi Education Fund tells the SEC its Innovation Exemption covers permissioned systems on public chains but leaves out DEXs and their front ends. It urges clear safe-harbour rules for both.

The DeFi Education Fund has submitted formal comments to the SEC on the agency's Innovation Exemption. According to DEF, the exemption broadly creates a pathway for intermediated, permissioned systems built on permissionless rails, but it does not cover decentralized exchange protocols or the user interfaces that provide access to them. DEF is urging the Commission, through rulemaking, to build on the exemption by providing clear, appropriately tailored safe-harbor treatment for DEXs and user interfaces under both the exchange and broker definitions. A link to the full letter was included.

✨ AI summary of the linked source — not editorial content.

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