U.S. SEC says software allowing crypto wallet transactions not considered broker
CoinDesk
The U.S. SEC clarified that software enabling self-hosted crypto wallet transactions does not require registration as a broker.Summary
The U.S. Securities and Exchange Commission (SEC) has issued guidance stating that software interfaces facilitating crypto securities transactions via individual wallets will not be classified as broker-dealers. To maintain this exemption, developers must avoid soliciting investors, providing investment recommendations, handling user assets, or executing transactions. This staff statement serves as an interim measure under the current pro-crypto administration, aimed at providing industry clarity while formal permanent regulations are being developed.
(Source：CoinDesk)