[US CFTC: Phantom Wallet Not Required to Register as a Broker] BlockBeats News, March 17, the U.S. regulatory agency CFTC issued a No-Action position, stating that self-custody crypto wallet developer Phantom Technologies Inc. is not required to register as a broker under certain conditions. The document specifies that Phantom's software is solely used to assist users in connecting with registered futures merchants, introducing brokers, and contract markets for trading. Under the relevant conditions, the CFTC's Division of Market Participants will not recommend enforcement action for its failure to register as an introducing broker. This statement is seen by the market as further clarification of the regulatory stance on self-custody crypto wallet software.