[The U.S. CFTC Seeks to Further Implement Protective Measures for Non-Custodial Software Developers] According to The Block, Michael Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated that the CFTC is considering drafting rules to solidify its protective stance toward non-custodial software developers. In March of this year, the CFTC issued a no-action letter to the crypto wallet Phantom, indicating that it would not take enforcement action against the company for not registering as a broker and clarified that eligible self-custodial wallet software developers do not need to register as brokers. Selig mentioned that the CFTC is seeking to formally incorporate this stance into rulemaking. Additionally, Selig reiterated that prediction markets fall under the exclusive jurisdiction of the CFTC and that it will continue to prosecute states that violate federal jurisdiction. The CFTC has previously filed lawsuits against Wisconsin, Illinois, Arizona, Connecticut, and New York.