US CFTC Expands Crypto Wallet Regulatory Relief

The US Commodity Futures Trading Commission (CFTC) has expanded regulatory relief for software companies, including crypto wallets. This means that wallets can now provide access to regulated derivatives markets without registering as brokers.

This move allows wallets to offer features like trading perpetual futures and event contracts while remaining just an interface, not a trading venue.

However, this relief does not protect developers from criminal charges related to money transmission or sanctions violations. The CFTC's ruling clarifies the distinction between passive software providers and active financial intermediaries but does not override other federal laws or Justice Department actions.