Consensys submits comment letter to SEC, recommending a safe harbor for self-custody user-driven interfaces
According to ChainCatcher, official sources report that Consensys has submitted a comment letter to the U.S. Securities and Exchange Commission (SEC), stating that the SEC's latest interpretative framework for crypto assets may create gaps in regulation, exposing self-custodial wallet providers such as MetaMask to compliance uncertainties.
Consensys requests that the SEC clarify, through a targeted safe harbor or other exemption measures, that self-custodial, user-driven interfaces which only support the trading of non-securities crypto assets potentially associated with investment contracts, do not need to register as broker-dealers as a result.
Consensys stated that this move is intended to ensure that U.S. users can continue to use open and neutral peer-to-peer blockchain tools.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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