Consensys submitted a comment letter to the SEC, suggesting a safe harbor for self-custody user-led interfaces

According to official news, Consensys submitted a comment letter to the U.S. Securities and Exchange Commission (SEC) stating that the SEC's latest interpretive framework for crypto assets may leave regulatory gaps, creating compliance uncertainty for self-custody wallet providers like MetaMask.

Consensys requests that the SEC clarify through a targeted safe harbor or other exemption measures that self-custody, user-led interfaces that only support the trading of non-security crypto assets potentially attached to investment contracts do not need to register as broker-dealers.

Consensys stated that this move aims to ensure that U.S. users can continue to use open, neutral peer-to-peer blockchain tools.