TechFlow News: On May 12, according to official announcements, Consensys submitted a comment letter to the U.S. Securities and Exchange Commission (SEC) on May 11, stating that the SEC’s latest interpretive framework for digital assets may leave regulatory gaps, creating compliance uncertainty for self-custodial wallet providers such as MetaMask. Consensys requested that the SEC clarify—through a targeted safe harbor or other exemptions—that self-custodial, user-directed interfaces need not register as broker-dealers solely because they facilitate transactions involving non-security digital assets that may be associated with investment contracts. Consensys stated that this action aims to ensure U.S. users can continue using open, neutral peer-to-peer blockchain tools.
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