Techub News: Consensys said the SEC’s new crypto framework has regulatory gaps. When a non-security crypto asset comes with an investment contract and is not separated, transactions of such assets are considered securities transactions. However, the SEC has not clearly indicated whether self-custody interface providers must register as brokers. The organization urged the SEC to establish a safe harbor for self-custody interfaces, clarifying that providers do not need to register as brokers solely because they provide trading interfaces. The proposal requires conditions such as non-custodial and user-initiated trading to prevent U.S. companies from being forced to restrict services and to avoid handing the market over to offshore competitors.