Do Crypto User Interface Providers Need to Register as Broker-Dealers with the SEC? The Staff Offers Its View

The Staff of the Division of Trading and Markets (the “Staff”) of the Securities and Exchange Commission (the “SEC” or the “Commission”) recently issued a statement (the “Statement”) providing its views on the application of the broker-dealer registration requirements under Section 15(a) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), to persons that create, offer, and/or operate certain software interfaces utilized by users to prepare transactions in crypto asset…
By: Mayer Brown Free Writings + Perspectives