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The DeFi Education Fund and Uniswap are urging the SEC to classify decentralized autonomous organizations (DAOs) as individuals rather than companies. Their argument centers on the belief that DAOs should not fall under securities regulations if they are ‘sufficiently decentralized.’
- The DeFi Education Fund and Uniswap advocate for DAOs to be classified as individuals, not companies, under SEC rules.
- They argue DAOs should avoid securities regulation via the Howey test if 'sufficiently decentralized.'
- The letter highlights ongoing tensions between crypto innovators and regulators over decentralized governance models.
📎 Related coverage from: cointelegraph.com