The Commodity Futures Trading Commission (CFTC) has granted a no-action relief to Phantom Technologies, allowing the company to operate without registering as an introducing broker. This decision permits Phantom, a self-custody crypto wallet software provider, to offer trading interface services with registered futures commission merchants (FCMs), introducing brokers (IBs), and designated contract markets (DCMs) under specific conditions. The CFTC's Market Participants Division stated that it will not recommend enforcement action against Phantom for its unregistered status, provided these conditions are met.