The Commodity Futures Trading Commission’s Market Participants Division has issued a no-action position regarding Phantom Technologies Inc., a developer of self-custodial crypto asset wallet software.
The decision covers Phantom’s proposed software intended to facilitate user trading with registered futures commission merchants, introducing brokers, and designated contract markets.
Provided Phantom complies with specified conditions, MPD will not recommend enforcement action against the company or its personnel for failure to register as an introducing broker or associated person solely in connection with these software-related activities.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
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