ConsenSys Urges SEC for Safe Harbor on Self-Custody Wallets

2026-05-12 09:16

ConsenSys has submitted a letter to the U.S. Securities and Exchange Commission (SEC) advocating for a safe harbor for self-custody wallet providers. The letter, dated May 11, highlights concerns that the SEC's current interpretive framework for crypto assets could lead to regulatory gaps and compliance uncertainty for platforms like MetaMask. ConsenSys is requesting that the SEC provide clarity through a safe harbor or exemptions, ensuring that self-custody, user-controlled interfaces facilitating transactions of non-securities crypto assets are not required to register as broker-dealers. This move aims to maintain the accessibility of open, neutral peer-to-peer blockchain tools for U.S. users.

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