- The U.S. CFTC said it had issued no-action guidance that does not require qualifying crypto software developers to register as introducing brokers (IBs).
- The guidance expands a regulatory exception once limited to Phantom to other software providers, clarifying when developers can connect users to regulated derivatives markets without being classified as brokers.
- Still, the no-action guidance could be withdrawn if the commission's makeup or policy direction changes, and an industry official said reversing it will become harder as more companies use the framework.
CFTC Eases Rules for Crypto Developers, Allows Market Access Without IB Registration
The Commodity Futures Trading Commission said it will not require certain software developers to register as introducing brokers if they meet specific conditions. The move stands to reduce regulatory burdens for companies developing…
bloomingbit
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Sep 17, 2026 at 9:22 PM UTC · 2 min de lectura
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The Commodity Futures Trading Commission said it will not require certain software developers to register as introducing brokers if they meet specific conditions. The move stands to reduce regulatory burdens for companies developing crypto trading services.
The Block reported on Sept. 17 that the CFTC had issued no-action guidance saying software developers do not need to register as introducing brokers, or IBs, even if they connect users to designated contract markets, or DCMs. The guidance applies to companies that meet certain requirements, including providing users with sufficient disclosures and establishing internal policies and procedures.
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