The SEC's Division of Trading and Markets published an interim staff statement saying certain interfaces for self-hosted crypto wallets may operate without broker-dealer registration. The statement covers websites, software applications, browser extensions, and wallet-embedded interfaces that let users initiate crypto asset securities transactions through their own wallets. The SEC said the interface must not solicit specific transactions, use language such as "best price" for execution routes, or skip venue-review policies. The statement is not a formal rule and remains an interim step while the agency works on broader crypto rulemaking.