Founders

Feels like a lot of startups are being built on AA and MPC tech assuming that they will be treated as Non-Custodial wallets just like mnemonic wallets


Are their any no action letters or guidance that says this is true? 

If so, awesome

If not, lots of companies are squarely in the flow of funds

not all MPC tech is the same

there are certainly configurations of MPC + AA that are without a doubt noncustodial 

i agree many products in market today are not truly noncustodial tho

lmao regulators have absolutely not given guidance — they haven’t given guidance on the most basic things, they will not know what MPC/AA is for another 3 years

Yeah the question is, have regulators given guidance on where that line is

And when they do, how many businesses will fall on the custodial side 

There would probably be a grace period to go get MTLs 

But I wonder if there are a bunch of companies who aren’t even thinking about that