Cryptocurrency lobby group calls on SEC to stay vigilant in regulating DAOs, saying they are not securities

The US cryptocurrency lobbying group "DeFi Education Fund" and "Uniswap
The SEC has filed a lawsuit against the SEC for its decision to allow the company to operate as a decentralized autonomous organization (DAO).
On the 27th (local time), the DeFi Education Fund and Uniswap
The Foundation was created by Hester Hester, head of the SEC's Cryptocurrency Task Force.
In an open letter to Commissioner Peirce, he said, "DAOs should be considered individuals or groups of individuals, not businesses, and should not be considered securities under the securities definition."
They argued that the “Howey Test” should not be applied to the blockchain. “The structure allows token holders to directly participate and jointly operate the DAO and the network.
"If the DAO is deemed sufficiently decentralized, the network token of such a DAO and any transactions therein should not be considered securities," it said.
The open letter was written in response to a public request made by Commissioner Hester Peers on February 21 for input on DAOs and crypto assets.
The letter comes amid a recent overall change in tone at the U.S. SEC. Since the start of the second term of the Trump administration, the SEC has adopted a more flexible approach to crypto assets.
In particular, the atmosphere has changed dramatically since Paul Atkins, a former cryptocurrency lobbyist, was appointed SEC chairman.
Chairman Atkins noted that "blockchain technology can foster new forms of market activity," and criticized the previous administration's heavy-handed regulatory tone.
He once declared that he would not "suppress innovation."