The DeFi Education Fund, along with Aave Labs, Uniswap Labs, Paradigm, Andreessen Horowitz, and others, has urged the U.S. SEC to clarify the definition of "broker" in its regulatory framework. In a letter responding to the SEC's Division of Trading and Markets, these groups support the exclusion of "non-custodial user interfaces" from broker registration requirements, emphasizing that these interfaces allow users to maintain control over their assets. The signatories advocate for formal rulemaking to prevent the misclassification of neutral software providers and infrastructure participants, such as validators and oracles, as brokers. This move aims to protect investors while ensuring legal certainty for blockchain innovation. The SEC previously indicated that certain DeFi trading interfaces might not need broker registration, offering policy flexibility. However, the CLARITY Act, which could further address these issues, remains stalled in the Senate.