– Andreessen Horowitz and DeFi Education Fund proposed a SEC safe harbor for non-custodial DeFi/NFT apps to avoid broker-dealer classification.
– The initiative seeks regulatory clarity to reduce enforcement risks for developers and foster innovation amid evolving crypto rules.
– It aligns with SEC Chair’s 2025 modernization directive and builds on prior a16z proposals for airdrops and network tokens.
– The proposal could reshape U.S. DeFi regulation by lowering barriers for decentralized projects while balancing investor protection.
