U.S. SEC: DEX front-end and wallet interface providers are not required to register as brokers under certain conditions.

Techub News reports that the U.S. Securities and Exchange Commission (SEC) Division of Trading and Markets has issued a statement providing guidance on whether providers of user interfaces for trading crypto asset securities (such as DEX front-ends, wallet interfaces) need to register as broker-dealers. This statement will take effect on April 13, 2026, and will be valid for five years. The statement indicates that SEC staff will not object to a provider operating without registration if it meets the following conditions: allows users to customize transaction parameters, does not actively solicit trades, charges a fixed fee unrelated to the transaction path, fully discloses conflicts of interest, does not hold or control user funds, and does not provide investment advice. This guidance explicitly does not apply to entities engaged in matching trades, processing transaction documents, or providing investment advice.