Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto, SEC staff issued a statement proposing that certain crypto interfaces don’t need to register as brokers, Michael Saylor’s Strategy acquired 13,927 Bitcoin for $1 billion last week, and Aave Labs has been granted $25 million in stablecoins, alongside a token allocation of 75,000 AAVE by its DAO.
The US Securities and Exchange Commission (SEC) has issued a staff statement clarifying how the agency plans to interpret software interfaces facilitating crypto transactions in its broker-dealer regulations.
In a Monday statement, the SEC’s Division of Trading and Markets staff said that under certain circumstances, interfaces that “assist users engaging in user-initiated crypto asset securities transactions on blockchain protocols […] utilizing the user’s self-custodial wallet” may not necessarily be required to register as a broker-dealer with the agency.
