The U.S. Commodity Futures Trading Commission has granted Phantom Technologies no-action relief, allowing its wallet to connect users to regulated futures markets without registering as an introducing broker. The decision applies only to traditional derivatives via registered intermediaries, not DeFi or tokenized prediction markets.
CFTC Chair Mike Selig called the move critical for innovation clarity in crypto. Phantom’s General Counsel Kevin Jacobs emphasized proactive engagement with regulators to ensure compliance while preserving user control over funds.
The CFTC noted it may later replace this administrative stance with formal rulemaking. Still, the ruling signals growing acceptance of non-custodial tools in regulated finance.