The Kamino Foundation, Veda Labs and Aave have filed a joint framework with the US SEC on how federal securities law should treat decentralised lending protocols and non-custodial vaults. It argues that treatment should hinge on the assets users own, the rights they can exercise and the control others have over those assets.
Kamino Foundation, Veda Labs and Aave send SEC joint DeFi lending framework
NewsFeeds update
The story so far: DeFi vaults securities debate
US crypto groups are split over how to judge whether DeFi vaults are securities, with CCI saying manager control should be key while Aave, Veda Tech Labs and the Kamino Foundation argue active management alone should not make a vault a security. The Kamino Foundation, Veda Labs and Aave have now filed a joint…
US crypto groups split over whether DeFi vaults are securities
The Crypto Council for Innovation and Aave disagree on how to judge whether DeFi vaults are securities, Eleanor Terrett reported. CCI says a manager's control and discretion over strategy should be key, while Aave, Veda Tech Labs and the Kamino Foundation argue active management alone should not make a vault a security.
Kamino Foundation, Veda Labs and Aave send SEC joint DeFi lending framework
The Kamino Foundation, Veda Labs and Aave have filed a joint framework with the US SEC on how federal securities law should treat decentralised lending protocols and non-custodial vaults. It argues that treatment should hinge on the assets users own, the rights they can exercise and the control others have over those assets.
More Regulation updates
Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.
Breaking news and our own Originals on your phone or desktop, the moment they are out. A few alerts a day at most.