You Won’t Believe How the SEC Is Still Clueless About DAOs! 🤯

The DeFi Education Fund and Uniswap Foundation have politely told the U.S. Securities and Exchange Commission (SEC) to stop playing Sudoku with DAOs and just see them as a bunch of isolated folks rather than some secret cabal.

DAO Ecosystem Needs Clarity (Because Apparently Nobody Knows What’s Going On)

The good ol’ SEC should treat decentralized autonomous organizations (DAOs) like the quirky clubs they really are—just a bunch of dispersed folks with shared interests, not some grand conspiracy. This handy advice aims to clear up the wild jungle that is the DAO universe.

In a special letter sent to the SEC’s Crypto Task Force, DEF and Uniswap basically asked, “Hey, could you stop pretending DAOs are some mysterious overlords and recognize that they’re just a bunch of scattered individuals?”

Both groups insist that any fancy guidelines or memos from the SEC should acknowledge this simple truth, as they laid out in their 13-page love note from late May. The letter comes as part of the SEC’s ongoing game of “Let’s Figuring Out Crypto,” where everyone’s invited to chime in on what “decentralized” really means and whether DAOs are just a free-for-all or something more sinister.

Led by Commissioner Hester Peirce—who’s basically the cool kid of crypto regulation—the crypto task force wants to draw clear lines so no one ends up in trouble for just trying to get by. They’re hoping the feedback from all those crying into their keyboards will help make things less confusing.

Their previous statements about DAOs? Well, they were about as clear as mud. So DEF and Uniswap’s letter basically said, “Look, SEC, cut out the active participant part. It’s about control, not whether someone is sending tweets about it.”

They argue that delegating voting rights isn’t a bug, but a feature—making participation easier and stopping the whole network from turning into a Hollywood power clique.

Meanwhile, Peirce’s team is busy hosting “roundtables” (fancy talk for boring meetings) on DeFi and other topics. Next one’s on June 9, so mark your calendars if you want to watch regulators pretend they understand what they’re doing. In February, they even asked for opinions on everything from security to crypto lending—because, sure, why not make regulators’ jobs even harder? 🚀

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2025-05-30 01:28