SEC Crypto Task Force Filings Challenge DeFi Dealer Rules and Self-Custody Treatment
The SEC Crypto Task Force received two new written submissions calling for clearer treatment of self-custody rights and proprietary DeFi trading as US digital asset rules evolve. One filing cites Louisiana’s House Bill 488 to argue that federal measures should not undercut retail self-custody, while another from the Blockchain Association urges that on-chain proprietary traders in tokenized equities not be classified as dealers.