Summary
The CFTC issued a no-action stance broadening regulatory relief for "passive software providers": as long as a provider does not exercise discretionary control over user orders and merely offers an interface connecting users to CFTC-registered derivatives firms and exchanges, it can operate without…
Key points
- For wallet and app developers, this lowers the legal bar to offering compliant derivatives access, a concrete regulatory signal for product roadmaps.
- It opens a practical path for self-custodial wallets to connect to regulated derivatives markets without registering as brokers.
- Wallet and app teams can design user interfaces that access compliant derivatives and prediction markets without taking on broker status themselves.
- The stance follows earlier similar relief for Phantom Technologies' self-custodial wallet software.
Editorial note
This page is Code & Chain's editorial summary of public sources. It may be prepared with AI assistance and published through an automated workflow. Refer to the original sources; this content is not investment, legal, or tax advice.