The CFTC’s Market Participants Division issued a staff no-action letter for Phantom Technologies on introducing broker (IB) registration. Under specified conditions, MPD will not recommend enforcement solely because Phantom, as a self-custodial wallet software provider, offers front-end interfaces that let users route orders to a designated contract market (DCM) or registered FCMs/IBs for CFTC-regulated derivatives trading without taking custody of user assets. https://t.co/SfNlubQ5sT ...