Every story we've covered involving no-action-letter.
The Commodity Futures Trading Commission's Market Participants Division issued a no-action position allowing certain "passive software" providers that connect users to CFTC-registered firms and exchanges to avoid enforcement for not registering as introducing brokers or associated persons, provided they meet specific limits on their role. The relief, announced Thursday, extends a prior accommodation granted to Phantom Technologies in March and could ease how non-custodial wallets and similar apps enable access to regulated derivatives markets.
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