SEC issues unregistered guidance for crypto interface providers

The SEC's Division of Trading and Markets published April 13 no-action guidance on "Covered User Interface Providers," permitting certain digital asset UI operators to conduct business without broker-dealer registration if conditions are met. Concurrent with the Solana Policy Institute summit in New York, where Scaramucci, Lily Liu, and execs from Grayscale, Citi, and Fidelity assembled. Parallel GENIUS Act follow-up regulations from FinCEN and FDIC advanced the same day.