Definition ∞ Broker-dealer clarity signifies the state of unambiguous regulation and operational guidelines for entities acting as intermediaries in the trading of digital assets. It denotes a regulatory environment where the roles, responsibilities, and compliance obligations of broker-dealers are precisely defined and consistently applied. Such clarity is fundamental for fostering trust and facilitating institutional participation in the digital asset markets.
Context ∞ The push for broker-dealer clarity is a central theme in current regulatory discussions concerning digital assets. Policymakers are actively working to provide definitive rules that delineate the boundaries of broker-dealer activities within the crypto ecosystem. This pursuit aims to mitigate systemic risks and establish a predictable operational framework for market participants.