Aave Labs, Kamino and Veda submit DeFi lending legal framework to the SEC

The groups argue that decentralized lending protocols and non-custodial vaults fall outside federal securities laws, and they have asked SEC staff for a meeting Aave Labs has taken its case for DeFi lending straight to the regulator. Together with the Kamino Foundation and Veda Tech Labs Inc., it submitted a confidential legal framework to the SEC and requested a meeting with agency staff. The core argument fits on an index card. People who supply assets to a lending protocol, or borrow against their own collateral, are not entering securities arrangements. The submission went in on October 26, 2026.