"The SEC's Division of Trading and Markets issued guidance on April 13, 2026, allowing crypto UI providers to skip broker-dealer registration if 12 conditions are met. This statement signals the SEC's intent to clarify federal securities law for decentralized exchange front-ends and self-custodial wallets."
"Covered User Interface Providers, which include websites, browser extensions, and mobile apps, help users prepare and submit crypto asset securities transactions through self-custodial wallets. They convert user-set transaction parameters into blockchain-readable commands and display market data."
"Under Section 15(a) of the Securities Exchange Act of 1934, individuals effecting securities transactions for others must register as a broker. The SEC staff stated they will not object to a Covered User Interface Provider operating without that registration if 12 specific conditions are met."
The SEC's Division of Trading and Markets issued guidance allowing crypto user interface providers to bypass broker-dealer registration under 12 conditions. This guidance, effective until April 13, 2031, aims to clarify federal securities law for decentralized exchanges and self-custodial wallets. Covered User Interface Providers must disclose fees, MEV risks, and conflicts of interest to remain within the SEC's no-action scope. These interfaces facilitate crypto asset securities transactions by converting user parameters into blockchain commands and displaying relevant market data.
Read at news.bitcoin.com
Unable to calculate read time
Collection
[
|
...
]