Add as a preferred source on GoogleAave Submits Proposal to SEC on Existing Law for DeFi Lending
The submission covers on-chain lending and vaults, and Aave argues that regulatory treatment should be accurate.
Aave has submitted a proposal to the Securities and Exchange Commission on how existing law applies to decentralized lending and vaults, putting the treatment of DeFi products at the center of its engagement with the regulator.
The submission focuses on lending activity conducted on-chain and vaults. Aave argues that existing law should be applied accurately to these products, saying clarity matters to the sector’s development.
Aave is a decentralized finance protocol for lending and borrowing cryptocurrencies without an intermediary. Ripple has separately argued for clearer rules across the crypto industry in its push for an SEC crypto framework.
The effect of Aave’s proposal on SEC policy remains uncertain.
Riza Dagoc
Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.