The legal paper submitted by Aave, Kamino, and Veda to the SEC argues that non-custodial vault users retain direct ownership of deposited assets despite limited allocation choices made by curators

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SEC met with Aave Labs representatives and Winston & Strawn LLP lawyers to discuss the ERC-4626 vault standard, yield generation, and Aave V4 architecture

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Aave Labs, Kamino Foundation, and Veda Tech Labs Inc. released a public summary of their SEC DeFi legal framework submission

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Aave Labs, Kamino Foundation, and Veda Tech Labs Inc. submitted a paper to the SEC's Crypto Task Force proposing a legal framework for DeFi lending

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A governance proposal sought approval to deploy Aave V4 on Monad featuring a lending hub for tokenized stocks, ETFs, and U.S. Treasury bills

The framework submitted by Aave Labs, Kamino, and Veda to the SEC on October 26, 2026 asserts that DeFi lenders earn interest based on published per-unit rates rather than sharing in collective business profits or relying on central entity promises

The Aave Labs, Kamino, and Veda framework paper asserts that decentralized lending markets can continue operating under existing code rules even if a DAO stops making governance decisions

The Aave Labs, Kamino, and Veda submission to the SEC acknowledges that vault curators who make investment decisions involving securities may still qualify as investment advisers under federal law despite not taking custody of user assets

The Aave, Kamino, and Veda legal framework paper submitted to the SEC highlights that mandatory public notice and time delays for DAO governance changes allow users to withdraw assets before new protocol rules take effect

Aave Labs, Kamino, and Veda argue that users depositing crypto or borrowing against collateral in DeFi lending protocols do not enter securities arrangements under the Howey test, Reves, the Investment Company Act, or the Investment Advisers Act

An SEC investigation into the Aave protocol opened around 2021 concluded in December 2025 without any enforcement recommendation

Aave restricted tBTC lending after Threshold suspended redemptions

The attacker behind the October 29 Binance hack borrowed approximately 20,000 Ether against collateral on the Aave lending protocol

Following the October 29 Binance hack, the Aave community voted to freeze Aave lending markets across all networks to prevent the attacker from swapping or borrowing against stolen collateral

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Aave launched USDC incentives on its v4 platform on Base to make borrowing USDC against tokenized stocks cheaper, targeting both existing users and potential newcomers

The November 2, 2026 SEC staff guidance on governance tokens reduces regulatory uncertainty for decentralized finance (DeFi) projects, potentially encouraging exchanges and institutional investors to engage with qualifying governance tokens

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Aave founder Stani Kulechov announced a proposal to deprecate dozens of low-adoption asset reserves and wind down six blockchain deployments

Bitcoin PIPEs can be used to construct shared-collateral Bitcoin lending pools

The XRP Ledger lending service main amendment has 19 validator votes, while its required vault system amendment has 21 votes, leaving both below the 29-vote threshold needed for activation

The fixCleanup3_4_0 update prevents loans on the XRP Ledger from being marked late or in default before their due date has passed

If the XRP Ledger lending service amendments reach 29 validator votes on November 4, 2026, the earliest possible activation for the lending service would be November 18, 2026