Key Takeaways:

• SEC Commissioner favors a more permanent approach to defining broker rules in crypto markets.
• Guidance from SEC limits when crypto interfaces must register as broker-dealers.
• Outlook suggests SEC may pursue clearer, permanent rules after industry feedback.

SEC Guidance Defines Crypto Interface Boundaries

Regulatory clarity for crypto interfaces is advancing as policymakers reassess broker definitions in decentralized markets. U.S. Securities and Exchange Commission (SEC) Commissioner Hester M. Peirce commented on April 13 after the SEC Division of Trading and Markets issued guidance that outlined when crypto interface providers and self-custody wallet services may avoid broker-dealer registration in on-chain securities…