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Consensys submits a comment letter to the SEC, recommending a safe harbor for self-custody user interfaces.
Mars Finance News, according to official sources, Consensys submitted a comment letter to the U.S. Securities and Exchange Commission (SEC) stating that the SEC’s latest interpretive framework for digital assets may leave regulatory gaps, causing compliance uncertainties for self-custody wallet providers like MetaMask. Consensys requests the SEC to clarify, through targeted safe harbors or other exemptions, that self-custody, user-controlled interfaces that only support non-security digital asset transactions that may involve investment contracts do not need to register as broker-dealers. Consensys stated that this move aims to ensure American users can continue to use open, neutral peer-to-peer blockchain tools.