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SEC opens non-registration path for some crypto trading interfaces

Bitcoin Coin Held In Hand As Cryptocurrency Hits Recent Low
Photo: Cheng Xin/Getty Images

A staff advisory said some “self-custody” crypto trading interfaces may be able to operate without broker-dealer registration if they do not provide recommendations.

In a nonbinding staff statement, the SEC’s Division of Trading and Markets said it would not generally object if a provider of a user-facing crypto trading interface operated without register as a broker-dealer pursuant to Section 15(b) of the Exchange Act.

The SEC described the guidance as an interim step

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