According to the U.S. Commodity Futures Trading Commission (CFTC), Phantom will not be required to register as a broker for its self-custody activities. The decision clarifies Phantom’s regulatory stance under the agency’s current framework for self-custody solutions.
The ruling confirms Phantom’s self-custody approach does not rely on broker-dealer status. It delineates regulatory boundaries for self-custody solutions under existing CFTC rules.
This could help maintain uninterrupted self-custody support for Phantom users. Industry observers say the decision could influence other crypto projects pursuing similar custody models. By separating self-custody from broker registration, the ruling may reduce compliance friction and clarify ongoing operations. The move highlights the evolving regulatory landscape for crypto custody.
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