A16z and DEF Propose SEC Safe Harbor for Non-Custodial DeFi Apps

Two industry leaders, A16z (a prominent US crypto venture capital firm) and the DeFi Education Fund (DEF), have proposed a solution to the ongoing regulatory uncertainty surrounding decentralized finance (DeFi) in the United States. The proposal seeks a regulatory safe harbor for eligible blockchain applications, particularly non-custodial DeFi apps, aiming to address this challenge by August 2025.