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The Commodity Futures Trading Commission (CFTC) has approved new measures to expand cryptocurrency trading by exempting some software providers from registration requirements as intermediaries, provided they do not hold user assets or make trading decisions on their behalf. This allows multiple platforms to offer secure, regulated services similar to those of companies like Phantom and Crypto.com. The move comes after the failure to pass cryptocurrency legislation in the Senate, as an effort to establish broader regulation of the sector.
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