a16z proposes 'safe harbor' for decentralized exchanges to US SEC

Andreessen Horowitz (a16z) and the DeFi Education Fund (DEF) submitted a proposal to the US SEC suggesting a safe harbor from exchange registration requirements for qualifying decentralized exchanges (DEXs) and their front-end applications. The proposal outlines specific criteria for DEXs, including non-custodial and permissionless operation, and limits for DEX app developers regarding market data presentation and transaction control.