Crypto lobby group says SEC should back off regulating most DAOs
From Cointelegraph
May 29, 2025 02:28:00 AM:
The DeFi Education Fund and Uniswap Foundation urge the SEC to keep hands off regulating DAOs, arguing they should not be considered securities under the Howey test if sufficiently decentralized. This response came after SEC Crypto Task Force lead Hester Peirce sought input on crypto regulations in February.
Former crypto lobbyist Paul Atkins, now leading the SEC, believes blockchain technology could bring new market activity. He has criticized the Biden administration’s stance on crypto and pledged not to stifle innovation. The SEC’s Crypto Task Force is set to release its first report in the coming months and is engaging in discussions with industry players.
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