US CFTC: Phantom wallet does not require registration as a broker.

According to Foresight News , the US regulatory body, the CFTC, has issued a No-Action stance, stating that Phantom Technologies Inc., a developer of self-custodied crypto wallets, is not required to register as a broker under certain conditions. The document states that Phantom's software is only intended to help users connect with registered futures dealers, introducing brokers, and contract markets for trading. Under certain conditions, the CFTC's Market Participants Division will not recommend enforcement action against Phantom for not registering as an introducing broker. This statement is seen by the market as a further clarification of the regulatory stance on self-custodied crypto wallet software.