The Commodity Futures Trading Commission’s Market Participants Division today announced it has issued a no-action position in response to a request from Phantom Technologies Inc., a developer of self-custodial crypto asset wallet software.
The position relates to Phantom’s proposed provision and marketing of software to facilitate trading by its users with registered futures commission merchants, introducing brokers, and designated contract markets. It states that, subject to certain specified conditions, MPD will not recommend the Commission take an enforcement action against Phantom or its relevant personnel for failure to register as an introducing broker or associated person of an introducing broker solely in relation to these activities.
