The US Securities and Exchange Commission’s (SEC) Division of Trading and Markets has issued new staff guidance aimed at bringing more clarity to how certain crypto trading tools may operate without triggering broker-dealer registration. SEC Draws Guardrails…
What The SEC’s Latest Crypto Self-Custody Update Means For DeFi, Wallets, And Bitcoin
The SEC issued new staff guidance clarifying regulatory requirements for crypto self-custody tools, wallets, and DeFi platforms to avoid broker-dealer registration triggers. This impacts exchanges, wallet providers, and DeFi protocols by imposing stricter compliance standards, potentially disrupting operations if not adhered to. Affected stakeholders must review and adjust their compliance frameworks immediately.