The U.S. Commodity Futures Trading Commission's (CFTC) Division of Market Oversight has issued a "No-Action" letter regarding Phantom Technologies. This signifies that CFTC staff will not recommend enforcement action against Phantom Technologies for operating as a self-custodial crypto wallet software provider without registering as an Introducing Broker (IB), provided specific conditions are met. The no-action position applies when Phantom enables users to access trading interfaces with registered Futures Commission Merchants (FCMs), Introducing Brokers (IBs), and Designated Contract Markets (DCMs). #crypto #blockchain #news