DeFi Groups Petition SEC for Regulatory Clarity on Decentralized Finance

A coalition of DeFi advocates, including the DeFi Education Fund and a16z Crypto, has petitioned the SEC for clearer regulatory frameworks on decentralized finance (DeFi). This petition seeks to protect developers and ensure technology-neutral regulations that would potentially impact DeFi tokens like ETH and UNI. The initiative aims to establish stable guidelines, impacting market behavior and innovation in the industry.