#HEC 💥 HUGE WIN CRYPTO:
The SEC just gave clarity that many crypto apps and wallets may NOT need to register as brokers.
This means frontends like websites, apps, and wallet interfaces can keep operating without heavy regulation if they stay neutral.
Here’s what they must follow:
• Users must control their own trades
• No investment advice or trade recommendations
• No pushing users into specific tokens or trades
• Only show neutral data like prices, routes, and fees
• Fees must be fixed and clearly shown
• No holding or controlling user funds
• Full transparency on risks, conflicts, and integrations
It protects self custody and keeps crypto open