U.S. SEC says software allowing crypto wallet transactions not considered broker

What Happened

The U.S. Securities and Exchange Commission stated that software enabling crypto securities transactions through self-hosted wallets does not require broker registration. The SEC provided guidelines for developers to maintain regulatory exemption, including restrictions on soliciting investors or providing transaction commentary. Software offering financing, investment advice, or executing transactions remains subject to oversight. The statement represents interim guidance while the SEC develops permanent crypto regulations.

Key Entities

AI Tools