Regulation· ★★★★· bullish·

CFTC extends Phantom relief to all passive crypto wallets and DeFi interfaces

  • —Staff Letter 26-25 extends Phantom's conditions to all passive wallets and frontends
  • —A PSP must not hold funds, give recommendations, or control orders
  • —The letter remains in effect until a rule is adopted and may be withdrawn
  • —The CFTC sent the Regulation Crypto Asset Transactions and Markets rule to OIRA
Why it matters: It reduces regulatory risk for wallets and DeFi frontends in the U.S., but does not resolve the question of criminal liability for developers.
Source: Bankless
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