The U.S. Securities and Exchange Commission (SEC) has issued new guidance that could benefit the XRP Ledger's decentralized exchange (DEX). On April 13, the SEC clarified that certain user interfaces for crypto asset securities might not require broker-dealer registration if they meet specific conditions. These include not holding user funds, not executing orders, and not offering investment advice. The XRP Ledger's DEX, which operates with its own order books and automated market maker, aligns with these criteria. This means developers creating interfaces for the XRP DEX may not need to register as broker-dealers, provided they adhere to the SEC's outlined conditions. This development offers a clearer regulatory path for U.S.-based developers working on XRPL, distinguishing it from smart contract platforms that may not meet the same criteria.