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SEC Lets Self‑Hosted Crypto Wallets Stay Outside Broker Regime, for Now
The U.S. Securities and Exchange Commission (SEC) has said that software allowing users to trade crypto securities through their own wallets will not be regulated as a broker. The staff view, published on Monday, clarified that websites or software providing access to self-hosted wallets do not need to register as broker-dealers if they act only as interfaces for transactions. According to the SEC, the guidance aims to help developers operate without breaching securities laws while the agency continues to define permanent rules for the crypto industry. Developers must, however, ensure their tools stay neutral and ... (full story)
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