a16z asks SEC to exempt DEXs and their developers from Exchange Act registration
- —a16z Crypto and DeFi Education Fund sent the letter to the SEC on September 22
- —They seek to exclude DEXs, DEX apps and their developers from Exchange Act registration
- —The relief would apply even to tokenized securities if the platform is fully non-custodial
- —A separate approval pathway is proposed for custodial crypto trading platforms
Why it matters: The outcome will determine whether DEXs and their developers can operate in the US without registering as exchanges or brokers.
Source: Cryptonews.net