🚨NEW: The @CFTC has issued a no-action letter to @phantom, saying it won’t pursue enforcement if the self-custody wallet provider facilitates user trading through registered intermediaries without registering as an “introducing broker” (aka a middleman that brings customers to trading firms).
A notable signal for how regulators may treat crypto wallets vs. intermediaries.

.@CFTC Staff Issues No-Action Position to Self-Custodial Crypto Asset Wallet Software Provider: https://cftc.gov/PressRoom/PressReleases/9197-26…

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