CFTC: No-Action Relief for Passive Software Providers
CFTC issues no-action position on passive software, enabling front-end interfaces for onchain finance in U.S. futures markets while preserving full regulatory oversight.
SourceAnalysis
CFTC staff issued a no-action position to providers of passive software, clearing the path for front-end interfaces that improve user experience in U.S. futures markets. The move lets American firms compete on design and speed without sacrificing any CFTC oversight or protections. Onchain finance now gains direct entry to regulated futures trading, a shift that builds on the agency's innovation focus over the past year.
Jake Chervinsky
@jchervinskyVariant Fund's CLO and board member of key DeFi organizations, formerly with Compound Finance.
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