SEC Signals Flexibility on Crypto Interfaces

[bonk]

The U.S. Securities and Exchange Commission (SEC) has issued a new staff statement clarifying how it views software interfaces that facilitate crypto transactions. According to the agency, certain platforms that help users execute transactions through self-custodial wallets may not need to register as broker-dealers—provided they meet specific conditions.

This is a notable shift in tone, suggesting a more nuanced approach to crypto regulation. While the statement isn’t a formal rule, it offers insight into how regulators are adapting to blockchain-based systems where users retain control of their own assets.

[madmax]

this is a meaningful shift toward recognizing self-custody models in regulation