The SEC took an important step on UIs - and now we’re asking them to lock it in. On April 13, 2026, the SEC published a staff statement with a thoughtful, practical approach for distinguishing non-custodial user interfaces from activities that constitute broker-dealer activity. DEF and 35 industry leaders are now requesting the SEC formalize the principles in the statement in notice-and-comment rulemaking, so we have durable regulatory clarity that lasts.(DeFi Education Fund)