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CFTC Grants Phantom "No Action" Relief on Broker Registration Rules

According to the source, the CFTC (U.S. derivatives regulator) issued "no action" relief, meaning staff would not recommend enforcement under certain broker registration rules involving Phantom.

Summary

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Terms & Concepts
  • CFTC: The Commodity Futures Trading Commission, the U.S. regulator overseeing derivatives markets including futures and certain crypto-related products.
  • No-action relief: A staff position stating regulators do not plan to recommend enforcement action if an entity operates within specified conditions.
  • Broker registration: Regulatory registration required for firms that intermediate certain financial transactions, depending on the market and activity involved.