PANews reported on March 17 that the Market Participant Division of the U.S. Commodity Futures Trading Commission (CFTC) issued a "no-action" position letter to Phantom Technologies Inc., the developer of self-custodied cryptocurrency wallet software. The position concerns software features that Phantom intends to offer and promote, allowing its users to trade through registered Futures Commission Merchants (FCMs), Introducing Brokers (IBs), and Designated Contract Markets (DCMs). The CFTC stated that, subject to certain conditions, the Market Participant Division will not recommend enforcement action against Phantom or its affiliates solely for unregistered introducing brokers or their associates.