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.
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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.
NEW 🚨: As part of Project Crypto, the Division of Trading and Markets issued a staff statement providing its views on broker-dealer registration requirements in connection with certain interfaces used to prepare transactions in crypto asset securities.https://t.co/8jCwFOJZcw
