a16z and DeFi Education Fund propose SEC framework for DEX exemptions and CEX registration

Andreessen Horowitz (a16z) and the DeFi Education Fund submitted a joint proposal to SEC Commissioner Hester Peirce on September 23. The proposal suggests a safe harbor mechanism to exempt decentralized exchange protocols meeting specific criteria from being classified as exchanges under the Securities Exchange Act. Additionally, a16z proposed that the SEC establish a registration framework for centralized crypto trading platforms, modeled after the 1998 Reg ATS, to allow the trading of crypto securities, non-securities, and mixed pairs under a regulated structure.