The post CFTC Clears Self-Custody Wallet Trading Access appeared on BitcoinEthereumNews.com.

CFTC grants Phantom Wallet no-action relief, allowing self-custody users to access regulated derivatives markets without broker registration. The U.S. Commodity Futures Trading Commission has taken a new step in crypto policy by granting relief to Phantom Wallet. The decision allows the self-custodial platform to connect users with regulated derivatives markets under defined conditions. The move signals a shift in how regulators view wallet-based access to financial services. CFTC Grants Relief to Phantom Wallet The CFTC’s Market Participants Division issued a no-action letter to Phantom. The letter states the agency will not pursue enforcement action under specific conditions. These conditions define how Phantom can operate within regulated markets. REGULATORS JUST GAVE A GREEN LIGHT TO SELF-CUSTODY The CFTC issued a no-action letter to Phantom Wallet, saying it won’t pursue enforcement even if the platform enables access to regulated derivatives markets. A self-custody wallet can plug users directly into regulated trading… pic.twitter.com/1BgRhUU7uv — CryptosRus (@CryptosR_Us) March 17, 2026 Phantom can enable users to access derivatives trading through registered entities. These include futures commission merchants and designated contract markets. Users place trades directly with these regulated platforms. The regulator clarified that Phantom must remain non-custodial. The company cannot hold user funds or execute trades on their behalf. It acts only as a software interface that connects users to trading venues. Non-Custodial Model Gains Regulatory Clarity The decision focuses on Phantom’s role as a non-custodial wallet provider. The platform does not act as a broker or intermediary. This distinction formed the basis for the CFTC’s position. Phantom stated that it engaged with regulators before launching the feature. The company said this approach helped define compliance standards early. “Rather than building first and seeking forgiveness later, we took a different approach,” the team said. Phantom CEO Brandon Millman also commented on the outcome. He said,…

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Filed under: News - @ March 19, 2026 2:26 am