Phantom secures CFTC no-action relief to facilitate trading with registered brokers
Crypto Briefing
Phantom Wallet received CFTC no-action relief, allowing it to offer trading features without broker registration under specific conditions.Summary
Phantom Technologies Inc., the developer of Phantom Wallet, has obtained a no-action letter from the Commodity Futures Trading Commission (CFTC). This relief allows Phantom to offer certain trading-related functionalities without being required to register as a broker. Specifically, the CFTC will not pursue enforcement action against Phantom or its personnel for enabling users to trade through registered futures commission merchants, introducing brokers, or designated contract markets, provided certain conditions are adhered to. This decision facilitates the integration of Phantom Wallet with regulated trading platforms, expanding user access to futures trading while ensuring compliance with CFTC regulations.
(Source：Crypto Briefing)