a16z & DeFi Fund Dey Propose SEC Safe Harbor for NFTs and DeFi

For one joint letter go SEC Commissioner Hester Peirce, Andreessen Horowitz (a16z) and DeFi Education Fund don propose SEC Safe Harbor program for NFTs and DeFi applications. The plan go exempt low-risk projects from broker-dealer registration under Securities Exchange Act. Under the proposed safe harbor, eligible NFT and DeFi apps fit operate without fear of enforcement while SEC fit still oversee high-risk activities. The proposal na response to calls from White House digital assets working group and SEC Chair Paul Atkins to update old crypto regulation. E still revisit a16z earlier NFT Safe Harbor idea and add guidelines for token airdrops and network token classification. As US lawmakers dey debate CLARITY Act to define crypto market structure, the SEC safe harbor fit encourage innovation inside country and protect platforms like Coinbase and Kraken from unregistered broker-dealer lawsuits.