SEC Crypto Newsroom/
Interfacing With Our Inner Demons: Comments on the Division of Trading and Markets' Statement on Certain User Interfaces
SEC Commissioner Hester Peirce supports a staff statement clarifying that certain crypto wallet and interface providers may not need to register as broker-dealers, while advocating for permanent rulemaking to modernize the definition of 'broker'.
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Why It Matters
Clarification on broker-dealer registration requirements for self-custodial wallets and front-ends reduces regulatory uncertainty and potential legal barriers for developers of crypto infrastructure.