Phantom Wallet Secures CFTC No-Action Relief

Phantom Wallet Secures CFTC No-Action Relief

• The Commodity Futures Trading Commission (CFTC) has issued a no-action position for Phantom Technologies Inc.
• This clearance allows Phantom’s software to facilitate trading with registered futures commission merchants and introducing brokers.
• Phantom Technologies develops self-custodial crypto asset wallet software.
• The decision is contingent upon Phantom complying with specified conditions to avoid enforcement action for not registering as an introducing broker.

The CFTC’s no-action relief for Phantom Technologies represents a significant step towards integrating their wallet software within regulated financial markets, amid ongoing changes in crypto regulation.