Browsing: CFTC

The Commodity Futures Trading Commission has broadened a no-action position so that any developer of “passive software” that lets users trade crypto derivatives no longer risks enforcement as an unregistered broker, according to a CFTC press release published September 17. The move extends an earlier March letter that applied only to a single self-custodial wallet…

Add preferred source The U.S. Commodity Futures Trading Commission issued a no-action position on Thursday allowing providers of “passive software” to connect users to regulated derivatives markets without registering as introducing brokers or associated persons. The guidance expands relief first granted to crypto wallet provider Phantom Technologies in March, creating a broader framework for developers…