CFTC seeks public comments on DeFi regulation proposals, a16z submits three action plans

According to ChainCatcher, as reported by the CFTC, a16z has submitted comments to the CFTC regarding the President's Working Group (PWG) digital asset report, advocating for: 1) Clarifying through no-action letters or interpretive guidance that "Protocols (blockchains and smart contracts)" meeting certain conditions do not require registration; 2) Providing no-action letters or guidance for "Apps (front-end interfaces)" that meet specific functional and user qualification requirements, confirming that they do not trigger registration obligations such as FCM, IB, DCM, SEF, and clarifying compliant practices for ECP and domestic/overseas user verification; 3) Initiating rulemaking or exemptions to offer innovative exemptions or customized registration paths for Apps that do not meet the conditions outlined in the second point.