Crypto attorneys this week cautioned that a first-of-its kind letter from the Commodity Futures Trading Commission did little for decentralised finance, even if it boosted Phantom, the developer of a popular self-hosted crypto wallet. The CFTC’s letter announced that the agency ha issued a no-action position to Phantom’s plan to let users access regulated derivatives markets, a category that includes prediction market provider Kalshi. “We proactively engaged with the CFTC to seek clarity on how a non-cu ...