Wintermute Calls for SEC Clarification on DeFi Trading Regulation

Wintermute has made a formal request to the U.S. Securities and Exchange Commission (SEC) seeking clarity regarding regulatory requirements for DeFi trading platforms. The company specifically calls for exempting traders from traditional broker-dealer rules, arguing that such individuals should not be subject to those regulations when settling on-chain trades without handling customer funds. Wintermute’s proposal aims to influence market dynamics in the decentralized finance (DeFi) sector by impacting trading practices, compliance costs, and liquidity provision.