In brief
- The SEC issued a new policy letting certain DeFi interfaces avoid broker-dealer registration.
- The move was praised by industry leaders as a major victory for decentralized finance.
- It indicates the SEC is barreling forward on crypto even as the Senate’s Clarity Act remains in limbo.
The SEC unveiled a new policy Monday exempting certain decentralized finance interfaces from key registration requirements—a proactive move that indicates the regulator is moving full-steam ahead on its crypto agenda, with or without Congress.
The new policy, laid out today in an SEC staff statement, allows user interfaces for DeFi tools to forego registration as broker-dealers, so long as they meet certain requirements. User interfaces, as defined…
