New SEC Guidance Targets DeFi Interfaces, Self-Custodial Wallets, and Execution Routing Disclosures
By Jamie Redman
The U.S. SEC's Division of Trading and Markets released a staff statement on April 13, 2026, outlining conditions under which operators of crypto trading interfaces can avoid registering as broker-dealers under federal securities law. The guidance targets DeFi interfaces, self-custodial wallets, and execution routing disclosures. This provides regulatory clarity for crypto UI providers.
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