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CFTC looks to cement non-custodial software developer protections following Phantom no-action letter

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The Block Editorial
(09:29 PM UTC)
1 min read
EW
Verified byEmily Watson
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The Commodity Futures Trading Commission is considering writing rules to cement its stance on whether software developers should register as brokers with the agency, according to its Chair Michael Selig. 

Just over a year into the job as CFTC chair, Selig is looking to further enshrine a friendlier crypto environment, particularly when it comes to protections for non-custodial software…

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