CFTC Offers No-Action Relief for Phantom's Trading Access
The CFTC has granted Phantom no-action relief, allowing its wallet to facilitate trading without broker registration, promoting innovation in the crypto space.
The Commodity Futures Trading Commission (CFTC) has provided no-action relief to Phantom, enabling its wallet software to facilitate trading without requiring broker registration. This decision signals a potentially softer regulatory stance towards cryptocurrency wallets. Under certain conditions, Phantom can now operate more freely, which may encourage innovation in the crypto space. The action reflects a growing recognition of the need for regulatory flexibility in the evolving cryptocurrency market.
Crypto
