US CFTC: Phantom Wallet Not Required to Register as Broker

MarsBitNews · 2026-03-17T14:46:22+00:00

The CFTC issued a No-Action position on March 17, allowing Phantom Technologies Inc. to operate without registering as a broker under specific conditions, clarifying its regulatory stance on self-custodial crypto wallets. The software only assists users in connecting with registered futures merchants and will not be subject to enforcement action if unregistered.

MarsBitNews

2026-03-17 14:46:22

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Mars Finance News: On March 17, the U.S. regulatory agency CFTC issued a No-Action stance, stating that under certain conditions, the self-custody crypto wallet developer Phantom Technologies Inc. does not need to register as a broker-dealer. The document states that Phantom’s software is only used to help users connect with registered futures commission merchants, introduce brokers, and contract markets for trading. When the relevant conditions are met, the CFTC Market Participants Division will not recommend enforcement action solely because it is not registered as an introducing broker. This statement is seen by the market as a further clarification of the regulatory attitude towards self-custody crypto wallet software.

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