CFTC Grants No-Action Relief to Crypto Software Developers
The US Commodity Futures Trading Commission (CFTC) has granted no-action relief to software developers who create tools for registered futures firms without requiring broker registration.
This move is part of the CFTC's efforts to clarify rules for crypto infrastructure, which have been a point of contention in the industry. According to the CFTC, the no-action relief allows software developers to build passive tools that link users directly to registered futures firms and exchanges without needing to register as brokers.
This development builds on prior CFTC efforts to provide clarity on rules for crypto infrastructure. However, it's worth noting that the CFTC has emphasized that this relief is limited in scope and does not apply to all types of software developers or tools.