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SEC Crypto Broker Rule Article Highlights Five-Year Compliance Window for Self-Custody Apps

The source references a report about the U.S. Securities and Exchange Commission (U.S. markets regulator) and self-custody crypto apps, but provides no further factual details beyond the article link.

Summary

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Terms & Concepts
  • Self-custody: A way of holding crypto where users control their own private keys instead of relying on an intermediary.
  • Broker license: Regulatory authorization that allows a firm to facilitate securities transactions under applicable financial rules.
  • SEC: The U.S. Securities and Exchange Commission, the main regulator overseeing U.S. securities markets.