🇺🇸 SEC has confirmed that some crypto wallets and DeFi applications do not need a brokerage license if they only act as simple tools.

These platforms are not allowed to keep users' money, are not given trading advice and are not allowed to encourage users to buy and sell. The application must remain neutral, only display objective data such as prices and clearly explain how the system works.

Fees must be simple and transparent. This regulation creates a period of 5 years for these applications to operate more flexibly but still ensure user protection.$BTC $ETH $BNB