U.S. SEC Announces 'Exemption Conditions' for Securities Registration for Cryptocurrency UI Providers like MetaMask

Permitting Unregistered Operations for Limited UI Providers

The Market Trading Division of the U.S. Securities and Exchange Commission (SEC) announced on the 13th conditions under which certain cryptocurrency transaction UI providers would be exempt from the current legal requirements for broker-dealer registration.

This staff opinion provides legal risk mitigation for companies offering self-custody wallets and browser extensions utilizing blockchain technology...