Every story we've covered involving alternative-trading-system.
Andreessen Horowitz (a16z) and the DeFi Education Fund asked SEC Commissioner Hester Peirce to create a safe harbor that would establish a rebuttable presumption that decentralized exchange protocols and their front-ends are not "exchanges" under the Exchange Act. On the same day they sent that joint proposal, a16z submitted a separate letter proposing a registration regime for centralized crypto trading platforms modeled on the 1998 alternative trading system rules.
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