CFTC staff grants conditional registration relief for self-custodial wallet software

What changed

CFTC market-participant staff granted a conditional no-action position from introducing-broker and associated-person registration for a self-custodial wallet software provider facilitating trading with registered intermediaries and markets.

Who it affects

• Wallet providers, FCMs, IBs, DCMs, and advisers assessing self-custodial trading tools

What is still open

• The limits of the conditions and whether comparable providers will receive relief

What it means for an advisor

• Verify that any relied-on arrangement fits the letter’s facts and conditions.