CFTC moves to codify non-custodial software protections after Phantom “no-action” precedent

CFTC Chair Mike Selig said the agency will move to convert its March no-action position for Phantom Technologies into formal rulemaking, signaling a shift from one-off staff guidance to durable cross-industry protection for non-custodial software developers. Speaking at Consensus Miami on Tuesday, Selig framed the change as the next phase in a deliberate sequence. As...