Tag: crypto apps

With its April 13, 2026 staff statement, the U.S. SEC’s Division of Trading and Markets has drawn a functional boundary for crypto apps that facilitate transactions in crypto asset securities through self-custodial wallets. The message is clear: a neutral interface may avoid broker-dealer registration, but anything that looks, behaves, or monetizes like an intermediary may still fall into the broker perimeter. For crypto front ends, wallet-linked trading apps, and DeFi-style interfaces, this is not deregulation. It is a conditional warning label.