
Xverse - Bank on Bitcoin
17.6K posts

Xverse - Bank on Bitcoin
@xverse
The self-custodial Bitcoin bank. Earn, borrow & spend 24/7. Live on Bitcoin. Stay sovereign. Support: @Xverse_Support





Crypto has had a rough year. Maybe we should launch something to fix it.

Two years ago the SEC sued wallet providers for being unregistered brokers. Today they published 12 conditions under which wallets are explicitly NOT brokers. No custody, no advice, no order routing, fixed fees. Nuance: this is staff guidance with a 5-year sunset, not law. A future SEC could reverse it. The next question that needs to be addressed: transaction privacy. Wallet developers are still serving prison sentences for building mixing tools on Bitcoin. There's a sensible middle ground between criminalizing privacy tooling entirely and giving users basic on-chain privacy.


🇺🇸 JUST IN: SEC says certain crypto interfaces, including DeFi front-ends, wallet extensions, and apps, may operate without broker-dealer registration under conditions: • No custody of user funds (self-custodial only) • No investment advice or recommendations • No order routing or execution • Fixed, neutral fee structures only • No discretion over transactions or market activity

















