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      CFTC Extends Phantom No-Action Relief to Eligible Passive Software ProvidersThe U.S. CFTC’s Market...

      CFTC Extends Phantom No-Action Relief to Eligible Passive Software ProvidersThe U.S. CFTC’s Market Participants Division (MPD) issued Staff Letter 26-25, extending the no-action position previously granted to Phantom to eligible passive software providers, including those outside the crypto sector. Subject to specified conditions, such software may serve as a front-end interface enabling users to access registered futures commission merchants, introducing brokers, and designated contract markets, and submit orders directly for CFTC-regulated derivatives, including event contracts and perpetual contracts. The software may not custody user assets, generate explicit buy or sell signals, or exercise discretion over order routing or execution.

      Source: Wu Blockchain
      .

      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud