The U.S. Securities and Exchange Commission issued guidance on April 13, 2026 stating that certain crypto wallet interfaces allowing users to transact through self-hosted wallets do not require broker-dealer registration, provided they avoid activities like soliciting specific transactions, offering financing or investment recommendations, or handling user assets. The guidance, issued under Chairman Paul Atkins following President Donald Trump's demand for friendlier crypto regulation, represents a reversal from the SEC's previous resistance to cryptocurrency and is part of a series of staff statements designed to enable industry progress while formal rules approach the proposal stage. The staff statements lack the permanence of full-fledged regulations, while the U.S. Senate works on the Clarity Act to cement crypto regulations into law.
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