Pretty big breakthrough for Phantom to get a no-action letter allowing them to offer regulated derivatives and event contracts without having to register as a broker. Excited to see regulators making progress in treating custodial wallets differently than traditional custodied accounts. https://x.com/mtcoppel/status/2033908980079333617?s=46&t=LNZpH03544B952EdXOUs2w https://x.com/mtcoppel/status/2033908980079333617?s=46&t=LNZpH03544B952EdXOUs2w