CFTC Issues No-Action Position for Trading Software Providers
The agency said qualifying apps and wallet providers will not face enforcement if they avoid discretion over customer orders.
9 Articles
9 Articles
Wallets Can Offer Regulated Perps Without a Broker License, CFTC Staff Says
The relief Phantom won in March is now available to any provider of "passive software" that meets the letter's conditions. One of them requires every registered venue or broker it plugs into to sign an undertaking accepting joint liability for what the software does.
Cointelegraph
The New York LedgerCFTC Issues No-Action Position for Trading Software Providers
The US regulator’s move could make it easier for crypto wallets and other apps to offer access to regulated derivatives and prediction markets without registering as introducing brokers.
CFTC extends crypto software broker exemption as CLARITY Act stalls
The CFTC’s Market Participants Division has extended no-action relief to providers of passive crypto-trading software, sparing them from registering as brokers, two days after the Senate blocked the CLARITY Act. The relief is set out in CFTC Staff Letter 26-25, signed by division director DJ Hennes. Division staff said they will not recommend enforcement against...
CFTC Eases Registration Rules for Software Linking Users to Derivatives
U.S. derivatives regulators moved to reduce a registration hurdle for software providers connecting users with regulated markets. The CFTC’s Market Participants Division issued a no-action position Thursday for passive software providers. The relief covers software used to connect users with registered futures commission merchants, introducing brokers and designated contract markets. Providers must meet specific conditions, […] Read The Full Art…
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