U.S. regulators finally saying what we've known forever: non-custodial software ≠ financial intermediary.
Sept 17 — CFTC expanded no-action relief. Passive software (wallets included) doesn't need broker registration to connect users to regulated markets.
Guarda users have held their own keys from day one. Regulators are just catching up.
Self-custody isn't a feature. It's the architecture.
Sept 17 — CFTC expanded no-action relief. Passive software (wallets included) doesn't need broker registration to connect users to regulated markets.
Guarda users have held their own keys from day one. Regulators are just catching up.
Self-custody isn't a feature. It's the architecture.