Solana Policy Institute Submits Comment to SEC Seeking Regulatory Exemptions for DeFi

The Solana Policy Institute (SPI), a non-profit organization advocating for the regulation of decentralized networks like Solana (SOL), submitted a letter to the U.S. Securities and Exchange Commission (SEC) on the 9th, requesting clear exemptions for decentralized finance (DeFi) developers. This submission is in response to the call for public comment by Commissioner Hester Peirce last December regarding the trading practices of domestic cryptocurrency exchanges and Alternative Trading Systems (ATS). SPI argues that developers and operators should not have 'custody' over user assets and transactions...