All wallets should be required to mention the form of custody you get.

All wallets, should clearly mention the form of custody they provide upon wallet creation. Especially custodial ones, that should inform the user doesn't own their keys and thus their crypto.

While that may be obvious to many of us here, some new adopters might not be aware of the two different types of wallets. Which will make many people make custodial wallets while thinking they actually own their cryptos, when in fact they don't.

A regulation that forces these sites to clearly mention and prompt the user to accept should be the default, and it will teach all adopters the difference, so they can make their own choice. Some wallets might do it, but it shouldn't be optional, but forced upon all wallets.

I feel like most CEXs profit off of the fact that people don't know the difference, and probably just mention it deep in their terms and conditions only.